Australia-based AGL Energy (AGL) is set to move forward with the construction of the 200MW Silverton wind farm in western New South Wales, Australia.
The company has achieved financial close on the sale of the $450M project to the Powering Australian Renewables Fund (PARF) — a partnership between AGL, QIC and Future Fund.
According to AGL, a joint venture (JV) of GE and Catcon has been selected for the engineering, procurement and construction of the wind farm. AGL and GE/Catcon JV will develop the Silverton wind farm, which is expected to be fully operational by the middle of 2018.
The wind farm will produce about 780,000MWh of renewable energy annually — enough to power more than 137,000 average Australian homes.
The power generated from the project’s 58 turbines will reduce CO2 emissions by 655,000t annually, which is the equivalent of taking 192,000 cars off the road each year.
AGL’s Silverton wind farm project manager said: “Achieving financial close on the development of the Silverton wind farm is a major project milestone and we are very thankful for the support we have received from the local community during the development phase.
“Up to 150 jobs will be created during the peak of construction and we are excited about developing another project in the local area following the successful completion of the Broken Hill solar plant.”
* Data provided by Timetric's Construction Intelligence Center.