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ACT Reverse Auction Sets Price Record For Wind


Source: Reneweconomy, 23 August 2016

The Australian Capital Territory has achieved new record low prices for wind energy in Australia as it signs contracts with another 200MW of capacity that will form the final piece in the territory’s 100 per cent renewable by 2020 plan.

ACT environment and climate change minister Simon Corbell announced the results of the latest reverse auction tender on Tuesday, with 109MW of capacity going to stage 3 of the Hornsdale wind project in South Australia, and 91MW going to the Crookwell 2 wind farm in southern NSW.

The Hornsdale wind farm contract was struck at a fixed price of $73/MWh for 20 years, a record low in Australia, and the Crookwell 2 wind farm, owned by Spain’s Union Fenosa and located north west of Goulburn, was struck at a price of $86.60/MWh, a record low for the state of NSW. The two wind farms will also finance the rollout of 36MW of battery storage installations in 5,000 ACT homes and businesses. They were among 15 projects, including a solar project, that bid into the auction process.

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