Wind­lab se­cures Kennedy power off­take

The Australian Energy Review - - NEWS: RENEWABLE ENERGY -

RE­NEW­ABLE en­ergy com­pany Wind­lab has se­cured a 10 year off­take agree­ment with the Queens­land govern­ment-owned CS En­ergy to pur­chase en­ergy and some of the large-scale gen­er­a­tion cer­tifi­cates pro­duced from Kennedy En­ergy Park Phase I, a 60.5 megawatt (MW) hy­brid re­new­able en­ergy project near Hugh­en­den in Far North QLD.

The agree­ment with CS En­ergy is sub­ject to a num­ber of con­di­tions prece­dent, in­clud­ing min­is­te­rial ap­proval and the project reach­ing fi­nan­cial close.

“Fi­nal­is­ing an off-take ar­range­ment for the project is an im­por­tant mile­stone in se­cur­ing fi­nanc­ing and ad­vanc­ing the project to fi­nan­cial close and con­struc­tion,” Wind­lab ex­ec­u­tive chair­man Roger Price said.

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