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Windlab starts generating electricity from wind farm in Victoria

The company will receive its share of early generation revenues.
a wind farm
The company owns 25% of the project

Windlab Ltd (ASX:WND) has successfully completed the construction of its 31 MW (megawatt) Kiata Wind Farm in western Victoria.

The wind farm has been connected to the electricity network and is producing both electricity and large-scale generation certificate (LGC) credits (based on the amount of electricity produced).

Windlab was established to commercialise atmospheric modelling and wind energy assessment technologies developed by CSIRO.

The company owns 25% of Kiata and will receive its share of early generation revenues as well as project distributions.

Kiata is located near Nhill, a town in the Wimmera in western Victoria, and uses wind turbines at a hub height of 117 meters.

Kiata Wind Farm is the first project supported by the Victorian Government’s LGC procurement scheme to be connected to the grid.

Windlab has constructed the Kiata project on schedule and within budget.

It is worth noting that the company has a portfolio of wind farm development sites totalling 6,766 MW of potential capacity across North America, Australia, New Zealand and Southern Africa.

Windlab's shares closed circa 5% higher on Monday, at $1.82.

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