Infrastructure investor John Laing has taken a minority stake in the 112MW Granville Harbour wind farm in Tasmania, Australia.
John Laing will hold a 49.8% share in the project, with the remaining 50.2% with a renewable energy fund run by Palisade. MUFG, ANZ and Westpac are also providing senior debt for the wind farm.
Vestas will supply, commission and service the project, which will feature 31 of the Danish manufacturer’s V126-3.6MW turbines.
Construction of the 11km transmission line to connect wind farm to the electricity grid is underway and is being managed by TasNetworks.
Granville Harbour is expected to be fully operational in late 2019.
John Laing regional managing director Asia-Pacific Justin Bailey said: “We are very pleased to secure our first investment in Tasmania.
“It demonstrates our ongoing commitment to creating sustainable infrastructure for communities in which we operate.
“The investment is consistent with our strategy to create long term value through the successful delivery of greenfield infrastructure and further enhances the diversification of our renewable energy portfolio in the APAC region.”
The company added that Granville Harbour complements its investments in the Finley and Sunraysia solar plants and Kiata and Hornsdale wind farms in Australia.