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March 11, 2019updated 12 Mar 2019 10:21am

Acciona begins construction of Mortlake South Wind Farm in Australia

Spanish renewable energy firm Acciona Energía has started construction works on its fifth wind farm in Australia with an investment of nearly A$288m ($202m).

Spanish renewable energy firm Acciona Energía has started construction on its fifth windfarm in Australia with an investment of nearly A$288m ($202m).

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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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The 157.5MW Mortlake South Windfarm is located in the state of Victoria and will be equipped with 35 4.5MW turbines that will be supplied by Nordex.

Acciona Energía Australia managing director Brett Wickham said: “This fifth windfarm in Australia shows our long-term commitment in a country whose energy future is increasingly linked to the development of clean and renewable sources, a process to which Acciona wants to make a significant contribution.”

During construction, the project is expected to create around 100 employment opportunities and ten jobs after the facility enters the operational phase.

“The Mortlake South windfarm will increase the company’s installed wind power capacity in Australia by 36% to 592MW.”

The construction phase will also see the laying of a 15km-long 220kV underground power line to a substation at Terang.

Once operational, the Mortlake South will be able to power approximately 115,000 Australian homes and also offset 532,000t of CO2 released annually by coal-fired power stations.

The Mortlake South windfarm will increase the company’s installed windpower capacity in Australia by 36% to 592MW.

Additionally, the windfarm will have an energy storage facility in order to improve its performance, as well as facilitate grid integration.

Acciona Energía operates four windfarms in Australia; Cathedral Rocks (64MW), Gunning (46.5MW), and Waubra (192MW) and Mt Gellibrand (132MW).

Cathedral Rocks is located in South Australia and Gunning is in New South Wales (NSW), while Waubra and Mt Gellibrand are in the state of Victoria.

Last month, Acciona signed a corporate power purchase agreement (PPA) with Australian company Viva Energy to support the strategically important Geelong Refinery in Victoria.

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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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