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Joint Spanish and Australian 450 MW deal across four states
1 April 2002
A Melbourne company, TME Australia Pty Ltd, has clinched a joint venture agreement with two large Spanish corporations, utility Unión Fenosa and wind giant Gamesa, to develop about 450 MW of wind power over 14 sites in four Australia states. The three companies have undertaken to co-operate in researching the sites with a view to jointly developing and operating viable projects. Wind measurements have already been taken at four of the sites, according to Gamesa sources. The sites are located in the states of Victoria, New South Wales, Tasmania, and Australian Capital Territory. Mal Haddrick of TME says the first development is likely to be a 75 MW project in central west Victoria and that a planning application could be submitted as early as this month. He declined to reveal further details. Unión Fenosa's renewables developing wing, UFEESA, announced earlier this year that Australia was one of its long term strategic targets. Last year Gamesa Energía said it was aiming to install 2000 MW outside Spain over the next five years, opening new markets to turbine manufacturing sister company, Gamesa Eólica. The tripartite agreement comes 15 months after Australia enforced its Mandatory Renewable Energy Target, which aims to ensure that by 2010 renewables provide at least 9500 GWh from new renewables.
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