Octopus Australia acquires Queensland's Dulacca wind and storage project from RES
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Artistic impression of the Dulacca Wind Farm. Image: RES
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The Australian arm of UK renewables investment firm, the Octopus Group, has bought a 180 MW wind farm and battery storage project in Queensland from British company RES, the firms announced today.
The Dulacca Wind Farm, acquired by Octopus Australia for an undisclosed sum, will comprise 43 wind turbines when completed, together with an on-site energy storage facility.
Meanwhile, publicly-owned energy generator CleanCo Queensland has signed a power purchase agreement with Octopus – adding a further 126 MW to the 980 MW of renewable energy CleanCo has already committed to bring to market over the next three years.
The project will feature 43 V150-4.2 MW wind turbines, supplied by Denmark’s Vestas Wind Systems, which will also operate the site.
Vestas said commissioning of Dulacca is expected to start in the first quarter of 2023.
Octopus Australia MD Sam Reynolds said: "Significant wind projects like Dulacca are key to helping decarbonise power generation in Australia. They follow our strategy of creating a diversified portfolio across location and technology that matches what the future of Australian energy should look like.”
Dulacca is Octopus’ fourth renewable asset acquisition in Australia since entering the market in 2018.
Earlier this month, RES was named as the fastest growing solar O&M; provider in the UK in a report by analysts Wood Mackenzie. The report said RES had more than doubled its solar O&M; portfolio in the past year to more than 400 MW.
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The Dulacca Wind Farm, acquired by Octopus Australia for an undisclosed sum, will comprise 43 wind turbines when completed, together with an on-site energy storage facility.
Meanwhile, publicly-owned energy generator CleanCo Queensland has signed a power purchase agreement with Octopus – adding a further 126 MW to the 980 MW of renewable energy CleanCo has already committed to bring to market over the next three years.
The project will feature 43 V150-4.2 MW wind turbines, supplied by Denmark’s Vestas Wind Systems, which will also operate the site.
'Diversified portfolio'
Vestas said commissioning of Dulacca is expected to start in the first quarter of 2023.
Octopus Australia MD Sam Reynolds said: "Significant wind projects like Dulacca are key to helping decarbonise power generation in Australia. They follow our strategy of creating a diversified portfolio across location and technology that matches what the future of Australian energy should look like.”
Dulacca is Octopus’ fourth renewable asset acquisition in Australia since entering the market in 2018.
Earlier this month, RES was named as the fastest growing solar O&M; provider in the UK in a report by analysts Wood Mackenzie. The report said RES had more than doubled its solar O&M; portfolio in the past year to more than 400 MW.
Related articles in our archive: