The ACT Government has received 18 proposals for its first reverse auction to install 200MW of wind power.
The auction process is being conducted using the model, developed for the ACT’s solar plants, under which the successful tenderers will be granted a feed-in tariff at a fixed rate for 20 years.
The 200MW of wind power is expected to provide about 24% of the ACT’s electricity consumption in 2020. Another 50MW of capacity, including storage, will be auctioned next year and up to another 250MW of wind or solar energy will also be auctioned in coming years.
Wind farms away from the ACT will be considered but weight will be given to the economic benefit of the project to the ACT. It is therefore likely that the successful proposals will be for wind farms in the immediate area surrounding the ACT.