Daily Newsletter

05 August 2024

Daily Newsletter

05 August 2024

Australia approves 312MW wind farm in state of Victoria

In addition to wind power, the project includes a substantial 100MW battery storage facility.

Umesh Ellichipuram August 05 2024

The Australian government has approved the Wimmera Plains Energy Facility, a 312MW wind farm project in the state of Victoria.

Located 10km northeast of Horsham, Wimmera Plains Energy Facility will generate enough clean energy to power 202,000 homes in the region.

The facility will be equipped with 52 wind turbines connected to an existing 220kV transmission line.

In addition to wind power, the project includes a 100MW battery energy storage system (BESS) facility.

This system can store up to 400MWh of dispatchable energy, bolstering the reliability of the renewable energy supply.

The facility is set to reduce greenhouse gas emissions by 1.2 million tonnes of CO₂ annually, equivalent to removing 370,000 cars from the roads each year.

The government projects that the wind farm will not only enhance Australia's renewable energy portfolio but also lower energy costs.

It will also create 280 direct jobs during the construction phase and ten permanent jobs thereafter.

Australia Minister for the Environment and Water Tanya Plibersek said: “Labor is getting on with the job of transforming Australia into a renewable energy superpower while Peter Dutton’s so-called nuclear plan is threatening investment in renewables.

“I’ve ticked off more than 55 renewable energy projects in two years - enough to power more than three million Australian homes.

“Those renewable energy projects give us more electricity in the two years we have been in office than Peter Dutton’s uncosted and unexplained seven large reactors might produce some 20 years from now.

“Australians have a choice between a renewable energy transition that’s already underway and driving down prices, or paying for an expensive nuclear fantasy that may never happen.”

Global Power Generation Analysis

GlobalData's latest report provides an analysis of how the global power mix has evolved in recent years and identifies key trends as we move towards 2035, delivering insight on future costs as well as focus areas for investment in the industry. Despite technological development and increasing efficiency, global energy demand will continue to rise between 2023 and 2035, increasing at a CAGR of 3.4% between 2023 and 2035. Renewables will continue to hold an increasing share of the global power mix.

Global Power Generation Analysis

GlobalData's latest report provides an analysis of how the global power mix has evolved in recent years and identifies key trends as we move towards 2035, delivering insight on future costs as well as focus areas for investment in the industry. Despite technological development and increasing efficiency, global energy demand will continue to rise between 2023 and 2035, increasing at a CAGR of 3.4% between 2023 and 2035. Renewables will continue to hold an increasing share of the global power mix.

Global Power Generation Analysis

GlobalData's latest report provides an analysis of how the global power mix has evolved in recent years and identifies key trends as we move towards 2035, delivering insight on future costs as well as focus areas for investment in the industry. Despite technological development and increasing efficiency, global energy demand will continue to rise between 2023 and 2035, increasing at a CAGR of 3.4% between 2023 and 2035. Renewables will continue to hold an increasing share of the global power mix.

Global Power Generation Analysis

GlobalData's latest report provides an analysis of how the global power mix has evolved in recent years and identifies key trends as we move towards 2035, delivering insight on future costs as well as focus areas for investment in the industry. Despite technological development and increasing efficiency, global energy demand will continue to rise between 2023 and 2035, increasing at a CAGR of 3.4% between 2023 and 2035. Renewables will continue to hold an increasing share of the global power mix.

Global Power Generation Analysis

GlobalData's latest report provides an analysis of how the global power mix has evolved in recent years and identifies key trends as we move towards 2035, delivering insight on future costs as well as focus areas for investment in the industry. Despite technological development and increasing efficiency, global energy demand will continue to rise between 2023 and 2035, increasing at a CAGR of 3.4% between 2023 and 2035. Renewables will continue to hold an increasing share of the global power mix.

Global Power Generation Analysis

GlobalData's latest report provides an analysis of how the global power mix has evolved in recent years and identifies key trends as we move towards 2035, delivering insight on future costs as well as focus areas for investment in the industry. Despite technological development and increasing efficiency, global energy demand will continue to rise between 2023 and 2035, increasing at a CAGR of 3.4% between 2023 and 2035. Renewables will continue to hold an increasing share of the global power mix.

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