Coopers Gap Wind Farm given the green light
THE COOPERS Gap Wind Farm is set to go ahead, with AGL securing funding from the Powering Australian Renewables Fund.
The project will be the largest wind farm in Australia when finished in 2019.
PARF and GE will supply and install 123 wind turbines for the Coopers Gap project in partnership with AGL and Queensland Investment Corporation.
Construction should start later this year and create 20 full time jobs and 200 construction jobs.
The GE turbines will produce 1,510,000 MWh of renewable energy annually to power 260,000 homes.
AGL manager of project development Evan Carless said the $850 million project would provide direct and indirect investment to Cooranga North and the surrounding region.
"It's also great to see the support AGL is getting from equity partners and lenders for these projects demonstrating the appetite for the private sector to invest in Australia's energy transformation and support projects like this in regional communities,” he said.
"As the project has now achieved financial close and is moving from development to construction phase, AGL's Tim Knill will assume responsibilities as Construction Project Manager for the wind farm.”
AGL and GE/CATCON will develop the wind farm.
GE CEO Geoff Culbert said the company was proud to be working with AGL.
"AGL's commitment to a lower emissions future is clear. The company announced earlier this year it would ramp up investment in renewable energy and completely decarbonise its generation by 2050. This wind farm represents a significant step towards that goal and we are proud to be a part of that,” he said.
AGL managing director, Andy Vesey, said more than 800MW of projects had now been vended into PARF in it's first 12 months of operation.
"Following the earlier transactions involving the Silverton wind farm project and Nyngan and Broken Hill solar plants in New South Wales,” Mr Vesey said.
"Certainty on energy policy, including the implementation of the recommendations of the Finkel Review, will enable more projects of this kind to go ahead and help place downward pressure on energy prices by increasing supply.”
The construction firm CATCON will be responsible for the wind farm's construction.
The wind farm will be located between Dalby and Kingaroy.