The wind farm will consist of 33 GE 3.43 MW turbines and will be built by a consortium comprising General Electric (GE) and civil-engineering construction company Civil & Allied Technical Construction (CATCON) under an engineering, procurement and construction (EPC) contract. Infigen owns 100 percent of the project, having acquired the 50 percent interest in the project that it did not own prior to financial close. The company will also provide 100 percent of the equity funding for construction and will operate the wind farm.
Construction is expected to take 18 months to complete. Thereafter, the wind farm is expected to generate 361 GWh of clean renewable energy per year.
“We have been delighted to work with our partners in bringing this project to fruition” said Infigen Energy’s Managing Director Ross Rolfe. “Critical to our success has been the role played by the Clean Energy Finance Corporation (CEFC) and NORD/LB, in providing Infigen with $163 million debt facilities.”
Andrew Gardner, CEFC Wind sector lead, added that the Bodangora project is set to deliver a substantial increase in clean energy in regional New South Wales, and is well positioned to capitalise on the state’s natural strengths in renewable energy.
Revenues from the project will be supported by a power purchase agreement (PPA) with EnergyAustralia for 60 percent of the annual output produced over the period 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. The project is targeted to be fully operational in the second half of 2018.
The project will provide approximately 120 direct jobs during construction and seven full-time jobs during its operating life while also stimulating significant economic activity in the local region.
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