Octopus Australia has acquired land near Deniliquin, NSW, for the development of the new 1GW Merino Wind Farm.
The land is adjacent to the 400MW Saltbush (formerly Hay Plains) Wind Farm also owned by Octopus.
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This extensive landholding will enable the generation of over 1.5GW of power through the ongoing development of the 400MW Saltbush Wind Farm and the newly established $3.5 billion 1GW Merino Wind Farm.
These developments will be supported by large-scale solar and battery storage, creating firmed renewable energy generation for the area. The additional land also offers the potential to connect to key transmission lines in the future, strategically positioning Octopus for the upcoming and future Access Rights Tenders.
Octopus now has an operating and development portfolio of over $11 billion, which includes Fulham Solar Farm and Battery and Blind Creek Solar Farm and Battery, both of which are due to start construction later this year.
Octopus Australia co-managing director Darren Brown said, โThe acquisition marks a major milestone in Octopus Australiaโs strategy to build a portfolio of energy assets which model what a future clean energy generation base will look like in Australia.
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“These cornerstone wind assets supplemented with Octopusโ 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.”
