New Energy World™
New Energy World™ embraces the whole energy industry as it connects and converges to address the decarbonisation challenge. It covers progress being made across the industry, from the dynamics under way to reduce emissions in oil and gas, through improvements to the efficiency of energy conversion and use, to cutting-edge initiatives in renewable and low-carbon technologies.
Neoen has completed the joint financing of the second tranche of its Goyder South Stage 1 wind farm and Blyth Battery near Burra, South Australia.
Goyder South Stage 1 is a wind farm with a total capacity of 412 MW, consisting of two tranches: the first (209 MW) will supply the Australian Capital Territory government and Flow Power; the second (203 MW) will supply 70 MW to BHP on a continuous basis from July 2025, to cover half of the electricity consumption of its Olympic Dam mine in South Australia.
The intermittency of the wind energy produced by the second phase of Goyder South Stage 1 will be compensated for by the storage capacities of Blyth Battery, 150 km away.
Blyth Battery has a 238.5 MW/477 MWh capacity and will be equipped with advanced inverters for stabilising the electricity grid, traditionally provided by thermal power plants.
The two assets are jointly financed by an equity contribution from Neoen and a loan from a syndicate of five lenders: Clean Energy Finance Corporation, KfW IPEX-Bank, ING, Mizuho and Westpac.
