Kennedy Park wind project reaches financial close

WCN Editorial Team 24 Oct 2017 OCEANIA ENERGY & UTILITIES

North Queensland’s Kennedy Park wind, solar and battery project has reached financial close following receipt of $18m in funding from the Australian Renewable Energy Agency (ARENA).

The 60MW project will be carried out by a joint venture of Australian renewable energy developer Windlab and Japan’s Eurus Energy. Entailing an investment of $160m, the project will feature 43.2MW of wind, 15MW of solar PV, a 2MW lithium ion battery and a synchronous condenser.

The wind and solar farm will have an annual electricity production capacity of 210,000 megawatt hours, which is sufficient to power over 35,000 average Australian households. The project will also secure up to $93.5m in debt finance from the Clean Energy Finance and is expected to be operational by the end of 2018.

The project will also lay the foundations for a second phase known as Big Kennedy. The second phase, expected to start in 2019, will involve construction of a $2bn 1200MW solar and wind farm.

ARENA CEO Ivor Frischknecht said: “Kennedy enjoys one of the best and largest wind resources in Australia, alongside one of the best solar sites. By integrating wind, solar and batteries, this will be able to provide reliable and dispatchable electricity to North Queensland.”

With 11 websites and newsletters covering all the key areas within the construction industry, World Construction Industry Network is the leading global construction information resource. READ ABOUT US



World Construction Network | is a product of GlobalData. Copyright © 2022 GlobalData. All rights reserved.