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HomeMining Industry News AGL receives approval for wind farm from PAC

AGL receives approval for wind farm from PAC

Friday 30th of December 2016 11:52:54 AM



Recently AGL Energy Limited received approval from the NSW Planning Assessment Commission (PAC) to construct the Silverton Wind Farm in western NSW.

The NSW Department of Planning and Environment’s (DPE) recommendation to approve AGL’s Modification 3 application was accepted by PAC. Wind turbine technology advancements have created an advantage due to the reduction in the number of wind turbines that need to be constructed.

AGL’s Silverton Wind Farm project manager, Adam Mackett said this was great news for the approximately $450million project, which has the potential to provide valuable investment in the local region.

“This is a very positive step in the right direction. The project is moving along well, but there are a few key factors to be determined before a final decision is made on whether the project proceeds. These include commercial discussions with a preferred contractor and financing arrangements.

“A final investment decision is subject to approval from the Powering Australian Renewables Fund (PARF). If successful, Silverton could be the fund’s first greenfield renewable development and will further bolster AGL’s credentials as Australia’s largest investor, developer and operator of renewables,” said Mr Mackett.



Read Full Story Here

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