KfW IPEX-Bank and Société Générale have agreed to finance the third phase of the 309MW Hornsdale wind farm in Australia.
The lenders, which already funded the two 100MW phases, will provide long-term loans to the 109MW project in the south of the country.
Overall investment in the wind farm is about A$750m, they said without giving more details.
The project is owned by French company Neoen, John Laing and local developer Megawatt Capital. Siemens will build the facility, installing 3.2MW wind turbines.
Hornsdale 3 wind farm will earn one of Australia’s most competitive renewable electricity supply contracts at a fixed 20-year rate of $73/MWh, according to the banks.
Image: turbines rising at Hornsdale 2 (Windhoist)
