Renewable Energy Hub cements five-year offtake for one of Australia’s best performing wind farms
29 August 2018
MELBOURNE, AUSTRALIA - 29 August 2018
John Laing and Windlab, together with TFS Green’s Renewable Energy Hub (RE Hub) today announced a major transaction with Kiata Wind Farm and ASX-listed Infigen Energy. The transaction for electricity supply over 5 years, underpins Infigen’s entry into the Victorian market. Operating at a capacity factor of over 45% so far in 2018, Kiata Wind Farm is an excellent example of a superior wind asset located far from the coast line.
The wind farm, owned by John Laing, Windlab, and community investors has a nameplate capacity of 31.05MW. A previous transaction regarding Kiata Wind Farm was announced in 2017, seeing the Victorian Government securing Large-scale Generation Certificates (LGCs) for a 10-year period.
As part of its role in the transaction, Renewable Energy Hub has committed to add $5,000 to the Kiata Community Grant Program for 2019, which will fund two or more projects contributing to environmental, economic, and/or social sustainability in the region.
“We are very excited to announce another successful offtake agreement with such a great performing asset and contract counterparties. We are seeing plenty of activity across the NEM, with RE Hub Marketplace presenting a menu of PPA, and C&I energy contracts across Australia.” said Chris Halliwell – Manager of Renewable Energy and Environmental Markets at TFS Australia.
The RE Hub model serves wholesale renewable energy projects, energy buyers and energy retailers. The RE Hub platform presents an established network of wholesale market and corporate energy users, covering a vast audience of corporate and energy market participants. RE Hub have a customised a market leading C&I energy solution to deal with the complexities of energy users transacting PPAs directly with the wholesale renewable primary project market.