<\/p>\n
TagEnergy has commenced construction of Stage 2 of the 1.33GW Golden Plains wind farm in Victoria, Australia.<\/p>\n
The wind farm will supply 9% of Victoria\u2019s energy needs by mid-2027.<\/p>\n
The commencement of the 577MW Stage 2 follows the financial close of this phase of the $2.65bn project.<\/p>\n
With funding secured, construction of 93 wind turbine generators is set to begin, supported by the Australian government\u2019s capacity investment scheme (CIS).<\/p>\n
A consortium of international lenders, including the Clean Energy Finance Corporation, the Commonwealth Bank of Australia, Westpac, Denmark\u2019s Export & Investment Fund and Japan\u2019s Mizuho Bank has provided non-recourse finance for the project.<\/p>\n
TagEnergy has continued its collaboration with established partners, signing a new engineering, procurement and construction contract with Vestas for turbines, engaging AusNet Services for grid connection and appointing WestWind Energy as the asset manager.<\/p>\n
As Stage 1 approaches the completion of its civil balance of plant works and the erection of 25% of its turbines, the start of Stage 2\u2019s construction will bring more than 350 workers to the site.<\/p>\n
TagEnergy Australia managing partner Andrew Riggs stated: \u201cWe couldn\u2019t be prouder to be delivering the largest wind farm in the Southern Hemisphere.<\/p>\n
\u201cThis mega-project materially improves Victoria\u2019s energy security, puts downward pressure on electricity costs and dramatically reduces carbon pollution. Together with our partners, we are accelerating the energy transition.\u201d<\/p>\n
In February 2024, Equinix signed a power purchase agreement (PPA) with TagEnergy for 151MW of clean energy from Golden Plains.<\/p>\n
The PPA will support Equinix\u2019s goal of running its business entirely on renewable energy.<\/p>\n
Once the wind farm is operational in 2029, Equinix\u2019s 17 International Business Exchange (IBX) data centres in Australia will be fuelled by renewable energy.<\/p>\n
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