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.”
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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