Octopus Australia has purchased an additional 28,000ha of land in southern New South Wales for a A$3.5bn (€2.1 bn) wind farm project.

Octopus said the site near Deniliquin – adjacent to the company’s 400MW Saltbush Wind Farm – will be used to develop the 1GW Merino Wind Farm.

The Saltbush Wind Farm and Merino Wind Farm will be supported by large-scale solar and battery storage.

With this latest acquisition, Octopus has now secured up to 35,000ha in the South-West NSW Renewable Energy Zone, owing to the “strong trust and relationships established with the local landowners”, according to the company.

Darren Brown, co-managing director, Octopus Australia, said: “These cornerstone wind assets supplemented with Octopus’ storage and solar developments across the national energy market, are designed to be an integrated, multi-technology portfolio that can offer truly unique and differentiated power purchase agreement products to energy customers and sustainable value to investors.” 

Dulacca Wind Farm

Source: Octopus Australia

With the latest acquisition, Octopus now has an operating and development portfolio of over A$11bn enterprise value at completion, which includes Fulham Solar Farm and Battery and Blind Creek Solar Farm and Battery, both of which are due to start construction later this year.

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