Suzlon Energy Plans to Invest $1.4 Billion in South Australian Wind Farm
Suzlon Energy Ltd. (SUEL), the Indian company that is Asia’s third-largest maker of wind turbines, plans to develop a A$1.3 billion ($1.4 billion) wind farm in South Australia, according to the state government.
The 600-megawatt project would produce enough electricity to power more than 200,000 homes a year, Mike Rann, premier of the Australian state, said today in a statement on his website. Suzlon expects to complete the 180-turbine wind farm on the Yorke Peninsula by the end of 2015, he said.
The proposed Ceres wind farm requires regulatory, planning and environmental approvals, according to the statement. South Australia has projects producing 1,150 megawatts of wind capacity, more than 21 percent of its total electricity generation, Rann said.
Australia is moving toward a target of generating 20 percent of its electricity from renewable energy sources such as wind farms by 2020. AGL Energy Ltd. (AGK) said last year it expected the 420-megawatt Macarthur wind farm in the state of Victoria to become the largest in the Southern Hemisphere.
To contact the reporter on this story: James Paton in Sydney jpaton4@bloomberg.net.
To contact the editor responsible for this story: Amit Prakash at aprakash1@bloomberg.net.
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