Hornsdale Wind Farm
John Laing is a 30% owner of Hornsdale Wind Farm Stage 1, a 100MW capacity project located near the South Australian town of Jamestown, 200km north of Adelaide. John Laing acquired its stake in the wind farm from Megawatt Capital and is working with Neoen, the leading French renewable energy developer.
The project is underpinned by a 20-year contract to supply green energy to the Australian Capital Territory, with up to 20% of the their power needs and move the Territory closer to its target of having 90% of its electricity supplied by renewable sources by 2020.
Reaching financial close in August 2015 the project is supported by an unprecedented long-term debt facility in Australian renewable energy financings, from KFW IPEX-Bank GmbH and Societe Generale, which provides long-term certainty for the project, aligning the interest of the project owners, the ACT Government and Siemens, the partner appointed as the EPC contractor for the site works, manufacture and installation of the 32 turbines and associated equipment and as the long term operations and maintenance contractor.
The project and its stakeholders will join with the Canberra Institute of Technology to establish the CIT Renewable Energy Skills Centre of Excellence which will entrench the ACT as the centre for wind energy trade skills for Australia and the Asia-Pacific region. The Centre of Excellence will take an important place in the growing ACT renewable energy industry cluster and reinforce Canberra’s position as the Renewable Energy Capital of Australia.
Connection for all the turbines into the transmission grid network via a new substation is scheduled for completion by November 2016.