RES and Macquarie Capital have completed the sale of the 226MW Murra Warra 1 wind farm in Australian state of Victoria to Partners Group for an undisclosed price.
Senvion is supplying 61 3.7M144 turbines to the first stage of what will eventually be a 429MW project near Horsham.
Construction of Murra Warra 1 started in March and the project is expected to be fully operational by mid-2019.
Debt financing of around A$320m for the wind farm is being provided by ANZ, Bank of Tokyo-Mitsubishi, Sumitomo Mitsui and Westpac.
RES will continue to be construction and asset manager for Murra Warra 1, which will supply electricity to telecommunications company Telstra, Coca-Cola Amatil, ANZ, the University of Melbourne and Monash University.
Macquarie Capital and RES will continue to develop Murra Warra 2, which will comprise 55 turbines, as well as a solar farm and energy storage project at the site.
RES Australia chief executive Matt Rebbeck said: “We have been involved in the Murra Warra development since its inception and we look forward to our continued involvement in the project as construction and asset manager together with the Partners Group team.”
Macquarie Capital head of infrastructure, utilities and renewables ANZ Ivan Varughese said: “Murra Warra is an important greenfield energy project which will deliver energy security and regional employment opportunities and we are confident that Murra Warra 1’s stakeholders will benefit from the stewardship of Partners Group. Macquarie and RES remain committed to the successful development of Murra Warra’s second stage.”
Image: Senvion
RES, Macquarie offload Oz giant
By EBS