GE, AGL Team for Australia’s Largest
August 21, 2017
has inked an agreement with the Powering Australian Renewables Fund (PARF)
to supply and install 123 wind turbines for the Coopers Gap wind farm
project at Cooranga North, 250 kilometres north-west of Brisbane. PARF
is a partnership between AGL Energy Limited (AGL) (20 percent) and
Queensland Investment Corporation (QIC) (80 percent, on behalf of
clients the Future Fund and the QIC Global Infrastructure Fund).
Upon completion in 2019, the 453 MW wind farm will produce approximately
1,510,000 MWh of renewable energy annually – enough to power the
equivalent of more than 260,000 average Australian homes and reduce CO2
emissions by 1,180,000 tonnes each year.
Coopers Gap Wind Farm is a landmark project for GE. It will be the
largest wind farm in the country on completion, and GE’s first wind
project in Queensland. It is the second major renewables project that GE
and AGL have announced this year, following the Silverton Wind Farm in
western New South Wales.
Geoff Culbert, President & CEO, GE Australia, New Zealand & Papua New
Guinea, said: “We are proud to be working with AGL to support
Australia’s transition to a cleaner, modern energy system.
“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 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.
GE will deliver 91 of its 3.6 MW turbines with 137m rotors, and 32 of
its 3.8 MW turbines with 130m rotors. GE will also undertake a 25-year
full service agreement to maintain the windfarm over its lifetime.
AGL Managing Director & CEO, Andy Vesey, said: “More than 800 MW of
projects have now been vended into PARF in its 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. The strong support we have received from our equity partners and
lenders for these projects is testament to the readiness of the private
sector to invest in Australia’s energy transformation.
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 project is expected to create up to 200 jobs during the peak of
construction, and an additional 20 ongoing operational jobs. The
construction firm CATCON will be responsible for the wind farm’s
Pete McCabe, President & CEO of GE Renewable Energy’s Onshore Wind
business, said: “Australia is a great market for wind. After the US, it
is GE’s second largest region globally for renewable energy. While we
see lots of opportunities in Australia, we need to continue to have
policy certainty to drive investment.”
The Coopers Gap development is GE’s fifth wind farm project to begin
construction in Australia in 2017. On completion in 2019, GE will be
responsible for a fleet of wind turbines with a capacity of almost 1.4