Out-Law News | 19 Mar 2021 | 1:49 am |
South Australia’s government has approved a AU$3 billion ($2.3bn) Goyder South wind, solar and battery storage project to the south of Burra and to the north of Roberstown.
The project will proceed in stages and will create 1.2 gigawatts (GW) of wind energy capacity, 600 megawatts (MW) solar energy capacity and 900MW battery capacity, with two hours of storage. The developer of the project is the French renewable company Neoen.
The first stage involves the building of 400MW of wind and 200MW of solar capacity, and 300 MW/600 MWh of batteries. Neoen hopes to begin construction in 2022 and it is expected to take 18-24 months to finish the construction.
Energy expert George Varma of Pinsent Masons, the law firm behind Out-Law, said: “This is yet another substantial investment in South Australia’s renewable energy market. South Australia is truly leading the way in developing a green and sustainable energy market. These large-scale energy projects are what is required to reduce the overall cost of electricity and to decarbonise our energy market on an expedited basis.”
Goyder South in September signed a long-term supply contract with the government of the Australian Capital Territory for a 100MW wind component at what was reported as a record low price of A$44.97 ($34.75) per MWh.