Octopus Australia has secured its largest wind farm development, the 1GW Merino Wind Farm located in the South-West NSW Renewable Energy Zone (SW-NSW REZ).
Octopus Australia said it has acquired 28,000 hectares of land in NSW to build the project, which will be adjacent to the 400MW Saltbush Wind Farm, also owned by Octopus.
This latest acquisition brings the company’s total landholding in the SW-NSW REZ to 35,000 hectares.
According to Octopus, These projects will be bolstered by large-scale solar and battery storage, creating a robust renewable energy generation for the area.
The company now boasts an operating and development portfolio of over $11billion, which includes the Fulham Solar Farm and Battery and the Blind Creek Solar Farm and Battery, both set to start construction later this year.
“The acquisition marks a major milestone in Octopus Australia’s strategy to build a portfolio of energy assets which model what a future clean energy generation base will look like in Australia,” Co-Managing Director of Octopus Australia Darren Brown said.
“These cornerstone wind assets supplemented with Octopus’ storage and solar developments across the NEM, 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.”
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