Stage One is set to be Vestas’ largest onshore wind farm in Asia Pacific and will feature 122 V162-6.2 MW wind turbines from the EnVentus platform.
Vestas has partnered with renewable energy enterprise, TagEnergy, for the execution of the wind power project.
Vestas will deliver a 30-year service and maintenance agreement (AOM5000) to optimise the project’s energy production, and long-term business case certainty.
“Vestas has levered our capabilities across technology design, finance solutions and grid connection. Through our EPC and long-term Service experience, we look forward to driving the realization of TagEnergy’s landmark project,” said Jan-Daniel Kammer, Vice President Sales of Vestas Australia and New Zealand.
“TagEnergy is proud to enter a new partnership with Vestas on Victoria’s mega-wind farm,” said Andrew Riggs, Managing Partner Australia of TagEnergy.
“This landmark transaction was made possible through collaboration between TagEnergy and lenders, but also through Vestas’ proactive and persistent approach, fronted by the Vestas Financial Solutions APAC team, who brought EKF into the project early in the process,” said Peter Boeskov, Chief Commercial Officer, Global Wind & Structured Finance.
Since 2005 EKF has participated in the financing of Vestas wind farms in Australia with a capacity of 1.7 GW.
Vestas has the highest market share for installed capacity. Vestas currently maintains the most amount of wind turbines in Australia.
Delivery of Vestas’ wind turbines is expected to occur in the fourth quarter of 2023, with commissioning to commence in the fourth quarter of 2024.
The first stage of Golden Plains Wind Farm will generate enough clean energy to power approximately 450,000 homes a year.