Tasmania-Owned Clean Energy Producer Plans A$2 Billion Wind Farm

Hydro Tasmania, the energy company owned by Australia’s island state, is studying a plan to build a A$2 billion ($2.1 billion) wind farm to provide power to the national market and help reduce carbon emissions.

Construction of the proposed 600-megawatt TasWind project on Tasmania’s King Island would begin in 2017, with full operation expected to start in 2019 if the company gains community support and concludes the wind farm is viable, Hydro Tasmania said today in an e-mailed statement.

Hydro Tasmania plans to transmit the power to the national electricity market through an underwater cable stretching across the Bass Strait to Victoria state, the company said.

The project would produce about 2,400 gigawatt hours of energy, or more than 5 percent of Australia’s 2020 goal of 41,000 gigawatt hours, Hydro Tasmania said. Australia is moving toward a target of getting 20 percent of its electricity from renewable energy sources by the end of the decade.

AGL Energy Ltd. (AGK)’s 420-megawatt Macarthur wind farm in Victoria, at a cost of about A$1 billion, is expected to be the largest in the southern hemisphere when it is fully operating early next year, according to the Sydney-based company.

To contact the reporter on this story: James Paton in Sydney at jpaton4@bloomberg.net

To contact the editor responsible for this story: Jason Rogers at jrogers73@bloomberg.net

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