CleanTech Bites

Forrest gets planning approval for $2 billion wind and big battery project in central west

Published by

Andrew Forrest’s Squadron Energy has passed another key planning hurdle for one of its major renewable and storage projects, with the NSW Independent Planning Commission given approval for the Spicers Creek wind and big battery project.

The 700 megawatt (MW) wind farm and the 400 MW, 1,800 MWh battery energy storage system at Spicers Creek, near Wellington and Gulgong in the central west of the state, was referred to the IPC after 57 submissions were lodged against the project, and the Warrumbungle Shire Council also objected.

Of the objectors to the $2 billion project, 35 lived more than 50km from the project, and all seven of the parties who made submissions in favour of the development live within 5km.

The IPC says it has approved the project after holding a public meeting where they heard from 17 speakers, visited the site and received 43 written submissions. Most were concerned with visual impact, land use, traffic and transport, property values, contamination, fire risk and the reliability of wind energy.

The IPC said it was satisfy that none of the issues raised was enough to warrant a refusal of the project, and given it was in the Central West Orana REZ, considers the site suitable for development.

The approval is subject to a number of conditions including the preparation of comprehensive management plans, monitoring, compliance, and screening for at least one property located within 4.5 kms of the turbines.

The project is also working its way through the federal EPBC process and last month sought approval for a number of changes including the undergrounding of some power lines and the removal of unnecessary access tracks.

The project includes up to 117 turbines with a maximum tip height of 256 metres high, and a 400 MW battery energy storage system (BESS).

In addition to a CPI-indexed community benefits scheme, Squadron is offering people who live locally to the wind farm an opportunity to invest in the project, with a minimum buy-in of $1000 and a maximum of $20,000. It is promising 7 per cent annual returns for ten years, after which the investor receives their capital back. 

ASX-listed DomaCom, a company that specialises in fractional ownership, is handling the fund, after rolling out a similar facility for the Sapphire wind farm in 2019. 

Earlier this week, Squadron announced it is looking to develop the new Bookham project, which proposes to combine 99 wind turbines, capacity of 594MW and an as yet unspecified battery storage component west of Yass.

Last year Squadron opened the 240 Bango wind farm and is also building the 450 MW Clarke Creek wind project in Queensland.

Giles Parkinson

Giles Parkinson is founder and editor of Renew Economy, and is also the founder of One Step Off The Grid and founder/editor of the EV-focused The Driven. He is the co-host of the weekly Energy Insiders Podcast. Giles has been a journalist for more than 40 years and is a former business and deputy editor of the Australian Financial Review. You can find him on LinkedIn and on Twitter.

Share
Published by

Recent Posts

Grazing sheep among solar panels could produce higher quality wool, study finds

The combination of solar farming and sheep grazing does not have a negative affect on…

1 November 2024

Danish wind giant Vestas unveils plans for 2.5 GW wind and 4 GWh battery project in NSW

Danish giant is seeking approval to build a massive wind farm in southern New South…

1 November 2024

Former Coalition minister and Nationals boss emerge as chair and CEO of solar and hydrogen hopeful

A combined hydrogen and solar project is up for public consideration in the federal green…

31 October 2024

Australia 3D network modelling firm lands $45 million to target global markets

Australian start-up attracts $45m from some of world's biggest PE funds and a local billionaire…

31 October 2024

Neoen told it must sell renewable and battery hubs to allow Brookfield deal

Neoen told it must sell its operating and development projects in Victoria if the proposed…

31 October 2024

German coal use plunges nearly 40 per cent in 2024, despite nuclear exit

Consumption of hard coal in power plants to generate electricity fell by 39 per cent in 2024,…

31 October 2024