Tilt Renewables has secured a Capacity Investment Scheme Agreement (CISA) for Stage 1 of the proposed Liverpool Range Wind Farm, paving the way for one of Australia’s largest renewable energy developments in New South Wales.
Stage 1 is planned to deliver at least 634 MW of the project’s full capacity of up to 1.3 GW, located near Coolah in the Central West region.
Once completed, the wind farm is expected to generate enough clean energy to power around 570,000 homes and cut emissions by approximately 2.5 million tonnes per year.
The CISA milestone follows the project’s inclusion on the Department of Climate Change, Energy, the Environment and Water’s inaugural National Renewable Energy Priority List in March, as well as securing access rights in May to connect into the Central West Orana Renewable Energy Zone.
Tilt Renewables already operates wind farms in Silverton and Rye Park, and solar farms in Broken Hill and Nyngan.
The Liverpool Range Wind Farm will further strengthen its New South Wales portfolio.
Tilt Renewables CEO Anthony Fowler said: “Securing a CISA is a key milestone to support the commercialisation of Stage 1 of the Liverpool Range project.
“Our success in this competitive tender process underscores our dedication to delivering best practice social and economic benefits for local communities and demonstrates the project’s potential to create significant environmental and community benefits,” he said.
“We are committed to playing a leading role in achieving the ambitious Commonwealth and NSW renewable targets, and to achieve net zero by 2050.”
The Capacity Investment Scheme provides partial Commonwealth support for new renewable projects, should future revenues fall below a designated threshold.
The federal initiative aims to give investors certainty to build renewable generation and firming projects, delivering cheaper, cleaner, and more reliable renewable energy for homes and businesses as coal-fired power exits the grid.