Finally, Flyers Creek has been recommended for approval, just needs the final tick in the box.
Below is the summary.
On balance, the Department considers that the proposed modification has merit, and is in the public interest.In this regard, the proposed modification would allow the benefits of the project to be realised, particularly as it would allow the project to connect to the electricity grid. The project would deliver a range of economic benefits, including up to 100 full time construction jobs and 10 full time operational jobs, with a capital investment of up to $300 million. Additionally, Infigen would contribute at least $107,000 a year through a voluntary planning agreement with Blayney Shire Council, of which $55,000 would contribute to a community enhancement fund.It would also increase the electricity produced by the wind farm and is consistent with the Commonwealth’s Renewable Energy Target and the NSW Climate Change Policy Framework as it would generate approximately 445 GWh of renewable energy per year over its operating life, equivalent to 75,500 homes annually, with estimated emissions savings in the order of 428,000 tonnes CO2-e per year.On balance, the Department considers that the proposed modification has merit, and is in the public interest.Consequently, the Department considers that the proposed modification is approvable, subject to the recommended amendments to the existing conditions.
IFN Price at posting:
46.5¢ Sentiment: Buy Disclosure: Held
