Australia invests $64.5m in wind project

The project will supply power to the dam with the fourth largest copper deposit globally.

Australia’s Clean Energy Finance Corporation will be providing around $64.5m (A$99m) to French renewables firm Neoen to support the development of the second part of the Goyder South Stage 1 Wind Farm.

In a statement, the Department of Climate Change, Energy, the Environment and Water said a 203-megawatt (MW) wind farm will supply electricity to The Olympic Dam copper mine in the north of South Australia.

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Olympic Dam has the fourth largest copper deposit globally which is used to produce wind turbines, batteries, and solar panels.

The department added that the wind farm will be supported by a 238.5 MW/477 MW-hour of storage from the Neone’s Blyth Battery which will help supply half of the mine’s power needs with 70 MW of baseload power.

The investment will create 400 construction jobs on the wind farm, 40 jobs at Blyth Battery, and 15 permanent positions during the operation.