'Effective Immediately': Origin Energy Shelves Its Skye Ridge Wind Farm, Citing Costs

'Effective immediately': Origin Energy shelves its Skye Ridge wind farm, citing costs

Origin Energy has abandoned its 140-turbine Skye Ridge project near Walcha blaming soaring costs. Read why the decision brings relief to local landholders.

Origin quietly abandons wind project citing 50pc cost increase

The energy giant has pulled the plug on one of its three remaining wind projects as high costs and low wholesale prices continue to stifle the renewables rollout.

Rising costs: Origin Energy exits development of Skye Ridge Wind Farm

Origin Energy (ASX:ORG) has exited the Skye Ridge Wind Farm development near Walcha in northern New South Wales, effective immediately, saying the significant increase in the cost of building new wind generation no longer justifies running neighbouring projects in the same region side by side. The decision, reported on Thursday, leaves the energy retailer and generator focused on its Northern Tablelands Wind Farm within the New England Renewable…