AGL Energy (AGL) is set to begin construction on 453MW Coopers Gap wind farm after closing the financing with the sale of the project to the Powering Australian Renewables Fund (PARF), a partnership between AGL and Queensland Investment Corporation (QIC).
Upon completion in 2019, the project will become the largest wind farm in Australia. It will provide significant direct and indirect investment to the Cooranga North and surrounding region.
Located at Cooranga North, approximately 250km north-west of Brisbane, the wind farm will be developed by AGL along with GE and Catcon, which will provide EPC services to the project. Catcon will construct the wind farm.
PARF and GE will supply and install 123 wind turbines for the Coopers Gap project in partnership with AGL and Queensland Investment Corporation (QIC).
GE will supply 123 wind turbines for the project, which will generate enough electricity to supply 260,000 homes. The wind farm will help in reducing CO₂ emissions by 1,180,000 tonnes per year, which is the equivalent of taking 340,000 cars off the road.
AGL manager of project development Evan Carless said: “It’s also great to see the support AGL is getting from equity partners and lenders for these projects demonstrating the appetite for the private sector to invest in Australia’s energy transformation and support projects like this in regional communities.”
The project will create nearly 200 jobs during construction phase and up to 20 jobs once operational.