SIMON Corbell says eighteen proposals have been received for the ACT’s first wind power auction, reflecting keen industry interest.
“The reverse auction for 200 MW of capacity to support wind energy generation closed on Wednesday 3 September with more than 1000 MW of capacity nominated for consideration,” Simon said.
“The strong competition for the feed-in tariff is partly caused by the uncertainty created by the Commonwealth’s Renewable Energy Target (RET) review which has hindered other investment in the industry.
“Wind is currently a buyer’s market and because of this the ACT can expect lower prices now than if the required investments were deferred to a later time.”
The auction process is being conducted based on the solar auction model used during 2012 and 2013, with the successful proponents granted a feed-in tariff at a fixed rate for 20 years.
200 MW of wind power is expected to provide about 24% of the ACT’s electricity consumption in 2020.