Neoen inks second PPA for 412-MW wind project in South Australia

Australian electricity retailer Flow Power has clinched a deal to procure electricity from a 40-MW portion of Neoen SA’s (EPA:NEOEN) 412-MW wind farm being installed as part of the Goyder Renewables Zone project in South Australia.

Power deliveries will take place through a 10-year power purchase agreement (PPA), the Australian firm said on Tuesday. The electricity, equal to close to 10% of the project’s overall generation capacity, will help Flow Power meet the demand of its retail customers in South Australia.

France-based Neoen started early construction works for the Goyder South Stage 1 wind farm in January and expects to bring it online in 2024. It already has a 100-MW PPA in place with the Australian Capital Territory (ACT). To be equipped with 75 GE 5.5-158 Cypress platform turbines, the power plant will be the first phase of a massive project envisaging the phased installation of up to 1,200 MW of wind, 600 MW of solar and 900 MW/1,800 MWh of energy storage capacity.

The Goyder Renewables Zone near Burra will be developed at a total cost of over USD 3 billion (USD 2.08bn/EUR 2.03bn), Neoen estimates.

The PPA for Goyder South Stage 1 brings Flow Power’s total renewable energy portfolio to 367 MW, the Aussie firm noted.

(AUD 1.0 = USD 0.692/EUR 0.676)

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