SIMON Corbell says fifteen proposals have been received for the ACT’s second wind energy auction, reflecting strong industry interest.
“The reverse auction for 200MW of capacity to support wind energy generation closed on Wednesday with more than 1,100MW of capacity put forward by bidders,” Simon said.
“The 200MW of wind power from the auction is expected to provide about 25% of the ACT’s electricity consumption in 2020 and is another major step towards reaching the ACT Government’s legislated 90% renewable energy target.
“Our early review of bid pricing indicates we are still in a very strong buyers’ market.
“This second wind auction will cut over half of the emissions associated with electricity usage in each and every Canberra household. By 2018, 80% of the ACT’s electricity supply will be sourced through renewable energy.
“The strong bids in the second wind auction have been made possible by the ACT Government’s decision to hold a second auction this year while market conditions for wind energy procurement remain favourable.
Once operational from 2018, this additional wind capacity will reduce the ACT’s greenhouse gas emissions by about 11 million tonnes during the first 20 years of operation.
[Photo by TLPOSCHARSKY, attribution licence]
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