AusNet Services to build $187.53m Stockyard Hill Wind Farm transmission line

Construction is expected to begin in July.

AusNet Services has today been contracted by Goldwind and AEMO to build, own, and operate the transmission connection assets for the Stockyard Hill Wind Farm (SHWF). It is expected to invest $187.53m (A$140m) in the project.

According to an announcement, the new 132kV transmission line will run approximately 70 kilometres south of the SHWF to a new Terminal Station in Haunted Gully, 6 kilometres south of Lismore, Victoria.

Located approximately 35 kilometres west of Ballarat, SHWF will have a total expected capacity of around 530MW from 149 turbines. Powerline construction works are scheduled to begin in July 2018 and are expected to be completed towards the end of calendar year 2019.

Under the terms of the agreements, AusNet Services will receive long-term fixed entitlements, adjusted annually for movements in CPI for providing connection and network services.

This project takes AusNet Services’ total unregulated infrastructure assets and committed projects to an investment value of approximately A$850m. The projects it has contracted since July 2017 include wind farm connections, micro grid partnerships and grid scale energy storage systems, with an aggregated investment value of approximately A$310m.

Previously, AusNet Services said it will voluntarily delist from the Singapore Exchange Securities Trading Limited (SGX-ST). According to an announcement, it plans to remove its shares from the exchange on 16 July 2018.

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