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  1. Market Data
November 26, 2021

Hornsdale Wind Farm, Australia

By Carmen

Hornsdale Wind Farm is a 316.8MW onshore wind power project. It is located in South Australia, Australia. The project is currently active. It has been developed in multiple phases. Post completion of construction, the project got commissioned in July 2016.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
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Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Onshore 316.8 316.8 Active South Australia, Australia Megawatt Capital Investments; Neoen

Description

The project was developed by Megawatt Capital Investments and Neoen. First Sentier Investors (Australia) IM and Neoen are currently owning the project.

The project generates 1,050,000MWh electricity and supplies enough clean energy to power 180,000 households, offsetting 1,250,000t of carbon dioxide emissions (CO2) a year. The project cost is $660m.

The Hornsdale Wind Farm (Hornsdale Wind Farm I), has 92.00m high towers.

The Hornsdale Wind Farm (Hornsdale Wind Farm II), has 92.00m high towers.

The Hornsdale Wind Farm (Hornsdale Wind Farm III), has 92.00m high towers.

Development Status

The project is currently active. The project got commissioned in July 2016.

Power Purchase Agreement

The power generated from the Hornsdale Wind Farm (Hornsdale Wind Farm I) is sold to ACT Government under a power purchase agreement. The power is sold at the rate of $0.068kWh for a period of 20.00 years, starting from 2016.

The power generated from the Hornsdale Wind Farm (Hornsdale Wind Farm II) is sold to ACT Government under a power purchase agreement. The power is sold at the rate of $0.06kWh for a period of 20.00 years, starting from 2017.

The power generated from the Hornsdale Wind Farm (Hornsdale Wind Farm III) is sold to ACT Government under a power purchase agreement. The power is sold at the rate of $0.056kWh for a period of 20.00 years, starting from 2017.

Contractors Involved

Siemens Gamesa Renewable Energy was selected to render EPC services for the wind power project.

Siemens Gamesa Renewable Energy was selected as the turbine supplier for the wind power project. The project consists of 99 units of SWT-3.2-113 turbines, each with 3.2MW nameplate capacity.

Siemens Gamesa Renewable Energy was contracted to render operations & maintenance services for the project.

About Neoen

Neoen SA (Neoen) is a renewable energy company. The company carries out the development and design; construction project management, finance, and maintenance of renewable energy power plants. In addition, it monitors the construction work of power plants. It generates electricity from various renewable energy sources including solar, wind, and biomass. The company operates solar PV farms in France and lithium-ion power reserve in Hornsdale, Australia. It has operations in Ireland, Australia, Portugal, France, Mexico, El Salvador, Argentina, Zambia, Finland, and Mozambique. Neoen is headquartered in Paris, Ile-de-France, France.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

Related Companies

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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