Meridian commits to third Australian wind farm
Sept. 3 (BusinessDesk) - Meridian Energy, one of the state-owned power companies slated for partial sale, is to start
construction of its third wind farm in Australia, with the 131 megawatt Mt Mercer project in the state of Victoria.
Mt Mercer is a 64-turbine wind farm 30 kilometres south of the town of Ballarat with a construction cost of about A$260
million. The two-year project will begin in December and the commitment follows chief executive Mark Binns's recent
comments that the company's best opportunities for investment new generation are offshore.
Mt Mercer will add to the Meridian owned-and-operated Mt Millar wind farm in South Australia and its project with AGL
Energy to build the 420 MW Macarthur wind farm in western Victoria, which is touted as the largest in the southern
hemisphere.
“Wind is well positioned in Australia as the most viable renewable generation technology,” chief financial officer Paul
Chambers said in a statement. “Australia’s renewable energy targets requiring approximately one fifth of electricity
generation be produced from renewable sources by 2020 means that generation with a total capacity of more than 80% of
New Zealand's entire generation base must be built in Australia by 2020.”
Meridian has contracted with Repower to provide the turbine technology, Downer EDI for construction and Powercor for the
transmission lines at Mt Mercer, he said.
Binns has said previously that, unlike Macarthur, the Mr Mercer project is a 100 percent Meridian project, with no
offtake agreements in place for its production.
The company is also trialling its Powershop retail business in Australia, which it says may be “a natural adjunct” to
its renewable energy assets across the Tasman.
(BusinessDesk)