Infigen Energy has achieved financial close on the 113.2MW Bodangora wind farm in New South Wales in Australia, paving the way for construction to start.
The company said the project will be built by a consortium comprising GE and civil-engineering company Civil & Allied Technical Construction under an engineering, procurement and construction contract.
The $236m project, which is located near Wellington, will feature 33 GE 3.43MW turbines and is scheduled to be fully operational in the second half of 2018.
EnergyAustralia will buy 60% of the annual output from the wind farm under a power purchase agreement that runs to December 2030.
The balance of output will be available for Infigen to contract to commercial and industrial customers or to sell on the spot or wholesale market.
Approximately 120 direct jobs will be created during construction and seven full-time jobs during the wind farm’s operating life.
The Clean Energy Finance Corp and Nord/LB have provided debt facilities totalling $163m to help finance the project.
Infigen has also acquired the 50% interest in the project that it did not own prior to financial close.
Law firm Herbert Smith Freehills has advised on all aspects of the development including procurement, project financing, connection, off take, property, planning and environment.
Image: Infigen
