Chinese wind turbine manufacturer Xinjiang Goldwind has agreed to acquire the 530MW Stockyard Hill windfarm project in Victoria, Australia.

Goldwind will purchase the facility for a sum of A$110m ($81.3m) from Origin Energy, which has also agreed to buy all power and renewable energy certificates (REC) generated by the project until 2030.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Goldwind's chairman Wu Gang said: “Goldwind is delighted to have been selected by Origin Energy to deliver the Stockyard Hill windfarm and to supply renewable energy from the project to Origin until 2030.

“This project will make a material contribution to achieving Australia’s 2020 Renewable Energy Target. This is the largest wind PPA seen in Australia.”

"This project will make a material contribution to achieving Australia’s 2020 Renewable Energy Target."

Acquisition of the farm demonstrates the strength and capabilities of Goldwind’s new 3s Smart Wind Turbine technology to transform projects in Australia and reduce the cost of renewable energy in the country.

See Also:

Goldwind Australia will work in collaboration with host landowners and the local communities of the Stockyard Hill facility, as its 149 wind turbines are prepared for construction. The company will also arrange project funding under an engineering, procurement, and construction (EPC) contract.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Under an operations and maintenance agreement, Goldwind will continue to perform its role over the project's 25-year life and will provide support to the performance of its 3s Smart Wind Turbine.

Australia’s Stockyard Hill windfarm will be able to generate sufficient energy to supply electricity to 400,000 average Victorian households.