Financing closed for Taralga wind farm in Australia
The Clean Energy Finance Corporation is providing $37.5 million in senior debt finance for the construction and operation of the Taralga Wind Farm, 45 km north of Goulburn, NSW.
The Clean Energy Finance Corporation participated in an international consortium that provided approximately $280 million for the project. The other parties are ANZ with EKF (the official export credit agency of Denmark) and Santander (other sources said that Santander is financing 35 % of the project).
Santander and CBD Energy are the main sponsors of the project.
In October 2012, Santander and CBD Energy acquired the project from RES, one of the world's leading independent renewable energy project developers with operations across Europe, North America and Asia-Pacific.The project:
The Taralga Wind Farm will have an installed capacity of 106.8 MW of wind power and supply power to approximately 45,000 homes using a combination of Vestas V90-2.0 MW, V100-1.8 MW and V90-3.0 MW turbines. It is estimated to avoid Australian carbon emissions by 250,000 tonnes a year.
The Taralga Wind Farm has a 10-year Power Purchase Agreement with Energy Australia to supply the grid.
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