Project Development, Wind Power

ACCIONA Begins 192 MW Wind Farm in Australia

ACCIONA Energy started building the Waubra wind farm in Victoria (Australia), which will be the largest of the 154 farms the company has installed around the world. The Waubra wind farm will produce 192 megawatts (MW) from 128 1.5-MW wind turbines manufactured with Acciona Windpower technology, and represents an investment of Euro 238 million [US$300 million].

The Waubra wind farm is the second one to be developed by the company in Australia, after Cathedral Rocks (66 MW) in South Australia. This park brings ACCIONA’s total wind power development close to 5,000 MW installed or under construction. As a component of the Group’s 2004-2009 Business Plan, this project is feasible due to the Victoria Government’s approval of the Victorian Renewable Energy Target (VRET), which provides regulatory stability for investments in clean energies by requiring that electricity retailers purchase a minimum 10 percent renewable energy by 2016. This will foster the sales of the energy output of the wind farm. Victorian Premier, Steve Bracks, said that this project “will mean more jobs and economic activity for the region” and the Minister for Energy Industries and Resources Theo Theophanous, who was present to witness the beginning of construction work, pointed out that “it will be a significant part of Victoria’s efforts to deal with climate change.”