Leading Australian-owned renewable energy company Tilt Renewables has committed to start construction this year of the 288MW Palmer Wind Farm, 70km east of Adelaide.
The project will generate up to 288MW of renewable energy, enough to power up to 142,000 homes.
Announcing the decision, Anthony Fowler, Tilt Renewables CEO said, “This is a huge milestone for our company and is the second wind farm project we’ve given the greenlight to in the last few weeks”.
“It is a win for South Australia, which is leading Australia in the renewable energy transition”.
“It is also a win for our neighbours, local communities, and First Nations people who stand to receive more than $13 million in community benefits”.
“The Palmer Wind Farm has been on the drawing board for over a decade and has undergone several changes to reduce its environmental and community impacts”.
“Technology improvements have enabled a reduction in the number of turbines from 103 to 40, reducing the area we impact while still generating a similar level of clean energy”.
“We see Palmer as a great location because the wind resource is strong and consistent, it’s close to existing electricity transmission and is on cleared farmland so grazing can co-exist with a wind farm” Mr Fowler said.
“Reaching a Final Investment Decision was only possible because of the support we received from our partners and the dedication and hard work of the team at Tilt”.
“The project is backed by a Capacity Investment Scheme Agreement with the Commonwealth and supported by a long-term Power Purchase Agreement with AGL.”
“We would like to thank all our contract partners, - turbine manufacturer Vestas, our principal contractor BMD, and ElectraNet. We look forward to finalising construction plans over the next few months and starting construction mid this year.”
Media Inquiries: Sean Macken
Head of Government and Media
M: +61 417 238 212 E: sean.macken@tiltrenewables.com
About Tilt Renewables
We are a leading integrated renewable energy business delivering reliable, competitive and sustainable energy for our customers with 1.9 GW of operational assets and a development pipeline over 5 GW. We are proud to be an Australian-owned and operated business that is driving the transition to renewable energy. For more information visit www.tiltrenewables.com
