A proposed wind farm outside Wellington will give more than $320,000 to Dubbo Regional Council every year in an "unprecedented" agreement.
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Council has entered a planning agreement with CWP Renewables for the Uungula Wind Farm.
The proposed wind farm on Twelve Mile Road is expected to have 97 turbines and take up about 8700 hectares.
The wind farm's proposed project capacity is about 400 megawatts, which would generate enough energy for more than 170,000 homes. It's also expected to save more than one million tonnes of greenhouse gas emissions every year.
Under the voluntary agreement, the company would pay $3,309 per installed wind turbine each year - increased based on CPI - including $30,000 for road maintenance.
At this stage, the planning agreement is a draft. It's on public exhibition to garner the community's response.
Dubbo councillor David Grant said it would provide great benefits to the local government area.
Mayor Ben Shields agrees.
He said the planning agreement was "unprecedented for this area".
"It's something the entire community should be very proud of. This sort of money going into the Dubbo community is nothing to sneeze at, it is a lot of money," Cr Shields said.
The mayor said it showed the economic viability of Wellington and the entire region.
"The interesting thing is, we ain't seen noting yet when it comes to these sort of facilities going into the Dubbo region. There are more on the horizon, there are more developments like this coming up which all will return big dividends to the local community," he said.
"There were a lot of naysayers in the community who were against this, there are still a lot of naysayers who are against renewables in the wellington area, now that's a...discussion to have another day, bit the reality is, it's bringing in big money to this area and for that we should be very very appreciative of the companies who are doing it."
The Uungula Wind Farm is expected to start construction in 2021 and its hoped the first wind turbines will be online in 2023.
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CWP Renewables expects it to create 250 direct and another 400 indirect jobs during the 2.5 year construction period.
The company is also focused on hiring local contractors and service providers.
The wind farm is expected to be operational for 25 years and will provide about 12 full time jobs.
After the public exhibition period ends, the feedback from the community will be considered by council before the planning agreement is finalised.