27 June 2002 – Private Australian company Novera Energy Ltd is preparing to start work on its part-owned Mynydd Clogau wind farm in Wales after receiving planning approval for the 17 turbine project from the Welsh Assembly.

The company, which intends to announce the details of its planned IPO within months, said its major Australian project is also moving closer to realisation.

The Welsh project involves the construction of 17 turbines, each with a projected capacity of around 66 MW to supply a long-term power sales contract arising from the UK Government’s renewable energy policy. Novera has been developing this project in joint venture with Renewable Energy Systems, a UK-based wind energy developer.

In Australia, Novera Energy and its partner, Wind Prospect, have issued a limited tender for the construction of the Yabmana wind farm, in South Australia. Planning approvals have already been obtained for the 35-wind turbine project, located between Cowell and Cleve on South Australia’s Eyre Peninsula. The Yabmana wind farm’s average annual energy yield is expected to be sufficient to power 31 000 South Australian homes.

“The approvals for both these projects are significant steps in the growth of the company’s portfolio of wind projects in the UK and Australia,” said Novera chief executive officer, Dr Len Humphreys.

“Wind power is universally recognised to be an efficient, proven and reliable technology,” he said. In partnership with Wind Prospect, Novera holds a significant portion of the total wind farm in Australia.