Origin set to buy wind farm

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Origin Energy has agreed to purchase power generated by a wind farm near Canberra as it seeks to meet its renewable energy targets.

The company will be supplied with large scale generation certificates from January 1, 2012 for two years, then both green power and large scale generation certificates for eight years, the company says.

Origin head of energy markets Frank Calabria said the agreement with ACCIONA would contribute towards the company meeting its obligations under the federal governments large scale renewable energy target.

“As an investor in the renewable energy industry, this agreement demonstrates Origin’s ongoing commitment to supporting a broad range of renewable energy sources,” Mr Calabria said in a statement on Tuesday.

The 46.5 megawatt Gunning Wind Farm was recently completed by ACCIONA and it began generating renewable energy in April this year.

Origin expects Gunning Wind Farm to generate enough green energy to meet the electricity needs of around 23,250 households each year while reducing greenhouse gas emissions by 162,750 tonnes annually.

The deal follows a similar power purchase agreement between Origin and ACCIONA in 2008 when Origin acquired the offtake from Waubra Wind Farm in Victoria.