EnergyAustralia has signed a power purchase agreement (PPA) to off-take approximately 40% of the output from TagEnergy's majority-owned 577-megawatt Golden Plains Stage 2 wind farm in Victoria.
Under the agreement, EnergyAustralia will receive electricity from around 345 megawatts of the project's total capacity, equivalent to more than 55 turbines. This 10-year deal supports EnergyAustralia's plan to close its Yallourn coal-fired power station by 2028.
The contracted electricity volumes are expected to provide green energy to approximately 178,000 homes and small businesses in Victoria.
Construction of the Golden Plains Stage 2 project, also referred to as Golden Plains Wind Farm – West, is currently underway about 60 kilometers northwest of Geelong. The wind farm, which will consist of 93 turbines, is slated to begin operations in mid-2027.
Once completed, the Golden Plains complex will become the largest wind farm in the Southern Hemisphere, boasting a total capacity of 1,333 megawatts. The first phase of the project is expected to be commissioned later this year.
The AUD 4 billion (USD 2.77 billion/EUR 2.48 billion) Golden Plains project is primarily owned by TagEnergy, with Netherlands-based Ingka Investments, the investment arm of Ingka Group, holding a 15% stake in Stage 1.
