South Australia’s planning minister has given final consent for a 105-turbine 315 MW wind farm that cements the state’s leading role for wind in Australia, according to Recharge.
The A$910m ($880m) project at Hornsdale, near the town of Jamestown, is being developed by the Australian subsidiary of South African bank Investec (LSE:INVP) and is expected to operate from late 2014.
Australia’s Infigen (ASX:IFN) has already won planning consent for a 450 MW wind farm in South Australia, where New Zealand’s TrustPower (NZX:TPW) also aims to add 270 MW to its 100 MW Snowtown project.
Investec Bank Australia’s chief executive David Clarke described the state as an ideal investment destination, according to Recharge.
“We believe South Australia will be a leading centre for commercial opportunities in renewable and low carbon intensity power, and we are committed to growing our presence here,” he said.
South Australia currently contributes half of Australia’s wind-powered generation. Consultancy EnergyQuest estimates that 31 per cent of the state’s electricity in the three months to March came from wind.
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