AusBN – Construction has started on Australia’s lowest cost wind farm with completion scheduled for early next year.
The 19.5 megawatt Coonooer Bridge wind farm is based in Victoria and is the first of three wind farms that are to be built as part of the governments new renewable energy target.
The ACT government will provide the project with a tariff of A$81.50 per megawatt hour, which is believed to be the lowest contracted price in the country.
Windlab are constructing the $50 million plant whose prices are expected to remain fixed for at least the next 20 years.
ACT minister for the environment Simon Corbell said: “Wind is currently the lowest-cost renewable energy generation available, and will play a big role in the decarbonisation of the ACTs electricity supply.
“It will contribute approximately three-quarters of the ACT’s 90% renewable energy target.”