ACEN secures AU$ 150M green term loan from ANZ and Westpac to fund renewables expansion in Australia
27 February 2024 – ACEN, through its subsidiary, ACEN Australia, announced today that it has secured a total of AU$ 150 million green term loan…
Robbins Island and Jim’s Plain Wind involves the development of two wind projects in the Circular Head region of North West Tasmania. The $1.6B project is one of the largest private investments ever for Tasmania. Through jobs and procurement, it is expected to generate $600M into the Tasmanian economy during construction, and more than $30M each year for the next 25 years once operational.
The energy generated will help lower power prices for Tasmanian’s with only excess power being exported to the mainland via the existing Bass Strait interconnector, Basslink, and via a second interconnector known as Marinus Link.
Jim’s Plain is located on a low undulating plateau approximately 10km inland from the Woolnorth Wind Farms, near Marrawah. Robbins Island is located on a privately owned island, about 20km from the town of Smithton and has some of the best wind resources on earth.
Wind turbines will be installed on the western two thirds of Robbins Island, that will capture the dominant south-westerly winds in the region. Turbines will be installed at Jim’s Plain with the option to include solar photovoltaic panels and a battery.
We've designed Robbins Island Wind so that the Island's biodiversity is protected
ACEN Australia’s Social Investment Program (SIP) is our voluntary contribution to communities. It provides funding now for initiatives that contribute to building thriving and resilient communities and economies.
The SIP is in addition to a community benefit program proposed to be for when the Jim’s Plain and Robbins Island project is approved and in construction and operations. This proposed program will see up to $900,000 per year (depending upon the total installed generating capacity) over the life of the project invested within Circular Head and Waratah-Wynyard region. In 2024, we will be seeking input from community and stakeholders on what this program looks like to ensure it reflects community needs and aspirations.
We have a commitment to employ and buy locally where we can so we can keep the benefits local. With such a significant construction investment, it is anticipated that there will be many opportunities for Tasmanian businesses to be involved. Goods and services likely to be procured locally include:
Due to the size of the project and the specialised skill set required, it is likely however that skilled workers from outside the region will also be required during the construction period.
We acknowledge the First Peoples of Tasmania, their elders past and present, who were and are the keepers of cultural and spiritual knowledge and traditions. We also acknowledge the custodians of the North West Nation clans of Lutriwita (Tasmania), in particular the Parperloihener (Robbins Island) clan. As a company seeking to harness wind, solar and water resources for energy today, we reflect on the contributions made by First Nations over thousands of years. We recognise the value of a better understanding of Aboriginal history and culture, and commit to meaningful participation with First Nations groups to support the protection of country, culture, and the development of their aspirations.
We know the importance of early engagement with communities and stakeholders and are guided by industry and global standards.
Project office
56 Goldie Street, Smithton, Tasmania.
Email
info@robbinsislandwind.com.au
Social media
facebook.com/robbinsislandwind
Phone
1800 879 088
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