View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
July 15, 2021

Spark Renewables proposes to build energy hub in New South Wales

The proposed energy hub will have the potential to offset the impact of coal-fired power station closures in the state.

By Umesh Ellichipuram

Australian energy company Spark Renewables has proposed to develop a renewable energy and storage hub with up to 2.5GW of capacity in New South Wales (NSW).

Free Report
img

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.

The Dinawan Energy Hub will be a hybrid wind, solar and battery storage project located in the state’s South-West renewable energy zone (REZ).

Spark Renewables, part of investment fund Spark Infrastructure, intends to develop the proposed Dinawan Energy Hub project after securing lease options regarding land in the region.

The hub will generate enough clean energy to power more than one million Australian homes and have the capacity to reduce carbon emissions by more than five million tonnes a year.

It will also have the potential to significantly offset the impact of coal-fired power station closures in NSW.

Spark Infrastructure managing director Rick Francis said: “The proposed Dinawan Energy Hub is an exciting new project that will accelerate the development of new renewable generation in the South-West REZ through the establishment of this large, cornerstone project.

“It will unlock significant renewable generation capacity consisting of wind, solar and battery energy storage across NSW in the coming years, providing resource diversity to renewable generation planned in the other REZs.”

The proposed project is currently in the early planning stage, with preliminary studies and consultation process due to begin in the coming months.

Construction works for the project’s first stage are anticipated to begin in 2024, with its first operations due to start the following year.

Spark Renewables head Anthony Marriner said: “We are only at the start of the development process and the proposed project must undergo a rigorous planning and assessment process, which includes environmental studies.

“We are also committed to extensive community and stakeholder consultation to identify the possible environmental, economic and social impacts [of the project], as well as opportunities and mitigation measures.”

Last year, Spark Infrastructure developed the 100MWac Bomen Solar Farm in the Wagga Wagga Special Activation Precinct.

Related Companies

Free Report
img

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.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Power Technology