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Mount Mercer Wind Farm
The Mount Mercer Wind Farm is located at Mount Mercer approximately 30 kilometres south of Ballarat in Western Victoria on 2600ha. The wind farm consists of 64 REpower MM92 wind turbines, giving a total installed capacity of 131 MW. It is expected to generate approximately 395,000 megawatt hours (MWh) of electricity each year which could power approximately 74,000 households and result in a reduction of some 510,000 tonnes of carbon dioxide. Construction was to commence in September 2009 under the management of WestWind Energy, however the project changed hands to Meridian Energy in the middle of 2009 and construction was delayed several years with Meridian Energy citing the financial crisis of 2007–2008 Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of fi ... as the cause. Furthe ...
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Victoria (Australia)
Victoria is a state in southeastern Australia. It is the second-smallest state with a land area of , the second most populated state (after New South Wales) with a population of over 6.5 million, and the most densely populated state in Australia (28 per km2). Victoria is bordered by New South Wales to the north and South Australia to the west, and is bounded by the Bass Strait to the south (with the exception of a small land border with Tasmania located along Boundary Islet), the Great Australian Bight portion of the Southern Ocean to the southwest, and the Tasman Sea (a marginal sea of the South Pacific Ocean) to the southeast. The state encompasses a range of climates and geographical features from its temperate coastal and central regions to the Victorian Alps in the northeast and the semi-arid north-west. The majority of the Victorian population is concentrated in the central-south area surrounding Port Phillip Bay, and in particular within the metropolit ...
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Meridian Energy
Meridian Energy Limited is a New Zealand electricity generator and retailer. The company generates the largest proportion of New Zealand's electricity, generating 35 percent of the country's electricity in the year ending December 2014, and is the fourth largest retailer, with 14 percent of market share in terms of customers as of December 2015. Meridian was one of three electricity companies formed from the break-up of the Electricity Corporation of New Zealand (ECNZ) in 1998–99, taking over the Waitaki River and the Manapouri hydro schemes. Originally a state-owned enterprise wholly owned by the New Zealand Government, the company was partially privatised in October 2013 by the Fifth National Government, with the government retaining a 51.02% shareholding. Today, Meridian operates seven hydroelectric power stations and one wind farm in the South Island of New Zealand, four wind farms in the North Island, and two wind farms in southern Australia – one in South Australia a ...
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Mount Mercer, Victoria
Mount Mercer is a locality in the Western District of the Australian state of Victoria. It is named after a nearby scoria cone with crater. The scoria cone was developed on a broad lava shield and the rim of the cone is asymmetric, being higher around the south and open towards the north. The scoria cone is approximately 400m in diameter and of circular shape. It is sufficiently enclosed to contain a swamp and has been partly excavated for a reservoir. It stands approximately 75m above the surrounding area. One of Victoria's larger wind farms, the Mount Mercer Wind Farm The Mount Mercer Wind Farm is located at Mount Mercer approximately 30 kilometres south of Ballarat in Western Victoria on 2600ha. The wind farm consists of 64 REpower MM92 wind turbines, giving a total installed capacity of 131 MW. It is expe ... became fully operational in September 2014. References Towns in Victoria (Australia) Golden Plains Shire {{GrampiansAU-geo-stub ...
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Ballarat
Ballarat ( ) is a city in the Central Highlands (Victoria), Central Highlands of Victoria (Australia), Victoria, Australia. At the 2021 Census, Ballarat had a population of 116,201, making it the third largest city in Victoria. Estimated resident population, 30 June 2018. Within months of Victoria History of Victoria#Separation from New South Wales, separating from the colony of New South Wales in 1851, gold was discovered near Ballarat, sparking the Victorian gold rush. Ballarat subsequently became a thriving boomtown that for a time rivalled Melbourne, the capital of Victoria, in terms of wealth and cultural influence. In 1854, following a period of civil disobedience in Ballarat over gold licenses, local miners launched an armed uprising against government forces. Known as the Eureka Rebellion, it led to the introduction of male suffrage in Australia, and as such is interpreted as the origin of democracy in Australia, Australian democracy. The rebellion's symbol, the Eureka ...
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REpower
Senvion S.A. (called REpower Systems SE until 2014) was a German wind turbine manufacturer founded in 2001 in Germany, majority owned by a private equity firm. Senvion as REpower Systems, as it was initially called, was established in 2001 through the merger of German wind companies: HSW (Husumer Schiffswerft), the engineering consultancy Pro+Pro (a subsidery of Denker&Wulf and aerodyn Energiesysteme GmbH), the wind turbine manufacturer BWU and Jacobs Energie; and since April 2015 Centerbridge Partners. It was under the ownership of Suzlon, an India wind turbine manufacturer, from 2007 to 2015. With equipment pricing under pressure due to auctions, Senvion filed for insolvency in German courts in early April 2019. Senvion sold its 9 GW European service fleet to Siemens Gamesa in October 2019. A Saudi Arabia company acquired the India division of Senvion in 2021. See also *Hallett Wind Farm *Hoosier Wind Farm *List of offshore wind farms *List of wind turbine manufacturers * ...
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Wind Turbine
A wind turbine is a device that converts the kinetic energy of wind into electrical energy. Hundreds of thousands of large turbines, in installations known as wind farms, now generate over 650 gigawatts of power, with 60 GW added each year. Wind turbines are an increasingly important source of intermittent renewable energy, and are used in many countries to lower energy costs and reduce reliance on fossil fuels. One study claimed that, wind had the "lowest relative greenhouse gas emissions, the least water consumption demands and the most favorable social impacts" compared to photovoltaic, hydro, geothermal, coal and gas energy sources. Smaller wind turbines are used for applications such as battery charging for auxiliary power for boats or caravans, and to power traffic warning signs. Larger turbines can contribute to a domestic power supply while selling unused power back to the utility supplier via the electrical grid. Wind turbines are manufactured in a wide range of ...
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WestWind Energy
WestWind Energy is an Australian company involved in development and operation of wind farms. Its origins were in Germany in the renewable energy sector. It is part of the WestWind Group of companies which has its headquarters in Kirchdorf, Lower Saxony, Germany. WestWind Energy has been involved in several projects in the state of Victoria. It did the early development planning for the Mount Mercer Wind Farm, approx. 30km south of Ballarat before selling the project to Meridian Energy prior construction. It also did the development and planning for the Lal Lal Wind Farm, a two-site wind farm situated near Yendon (approx. 17km east of Ballarat) and Elaine (approx. 25km south-east of Ballarat) before selling the project to Macquarie Capital. It also did the planning and development for Moorabool Wind Farm before selling that project to Goldwind Australia for development. In 2019, West Wind gained planning approval for the Golden Plains Wind Farm in western Victoria which cou ...
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Financial Crisis Of 2007–2008
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability a ...
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