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April 11, 2018

Siemens Gamesa to build 194MW windfarm in Australia

Spanish wind turbine manufacturer Siemens Gamesa Renewable Energy (SGRE) has secured an engineering, procurement and construction (EPC) contract from French renewable energy company Neoen to build the Bulgana Green Energy Hub facility in Victoria, Australia.

Spanish wind turbine manufacturer Siemens Gamesa Renewable Energy (SGRE) has secured an engineering, procurement and construction (EPC) contract from French renewable energy company Neoen to build the Bulgana Green Energy Hub facility in Victoria, Australia.

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The Stawell-based project includes a 194MW windfarm and a 20MW / 34MWh lithium-ion (Li-ion) battery energy storage system.

Under the deal, Siemens Gamesa will build a wind complex in Australia, which will combine the installation of a windfarm featuring its 56 SG 3.4-132 turbines.

SGRE has also agreed to build a 20MW/34MW Li-ion battery energy storage system that will be integrated with the windfarm.

“Construction works will begin immediately and the new facility is expected to be commissioned by next August.”

The turbine manufacturer has also agreed to maintain the entire project for a period of 25 years.

Construction works will begin immediately and the new facility is expected to be commissioned by next August.

It is reported that the facility has already signed power purchase agreements (PPAs) with the Victorian state government for the next 15 years, and a ten-year PPA has been signed with Australian agribusiness Nectar Farms, who will be using the clean energy to power LED light technology to grow tomatoes in glasshouses.

During the low wind periods, Nectar Farms will receive the power stored in the batteries.

The new EPC contract is said to be the fourth contract that has been undertaken by SGRE for Neoen in Australia.

Siemens Gamesa has also been active in other Asia Pacific regions that extend to countries such as China, South Korea, Indonesia, the Philippines, Vietnam, Thailand, Japan and New Zealand.

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Free Report
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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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