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Naturgy's Joint Venture to Build Australian Wind Farm

Global Power Generation (GPG), a joint venture of Naturgy Energy Group and the Kuwait Investment Authority, has been awarded the contract to build a 97 MW wind farm located at Hawkesdale in Victoria, approximately 270 km from Melbourne, Australia.

Image: PixabayImage: Pixabay

The contract consists of a 15 years Power Purchase Agreement (PPA) for the energy equivalent to 97 MW capacity. Given the characteristics of the awarded contract and the conditions of the Australian market, one of the most attractive countries to invest in renewables, the project fully complies with the investment and profitability criteria required by Naturgy for value creation.

The Hawkesdale wind farm will be Naturgy’s fifth investment in Australia, through GPG. Including this project, Naturgy will reach a renewable capacity over 700 MW in the region, together with the Crookwell 2 wind farm (96 MW), currently in operation, Berrybank Stage-1 (180 MW), close to be operational, Berrybank Stage-2 (107 MW) and Ryan Corner (218 MW) both under development.

Windfair Editors
Naturgy, Australia, onshore, wind farm, Hawkesdale, GPG, joint venture, PPA, MW, capacity, investment, electricity, portfolio

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