Infigen Energy seals $55m financing for Woodlawn wind farm

Infigen Energy signs debt financing facility with Westpac Banking

Infigen Energy signs debt financing facility with Westpac Banking

Australia-listed Infigen Energy has inked a project finance debt facility agreement of A$50-55m ($50-55) for its Woodlawn wind farm currently under construction.

The company announced Thursday that the financial facility from Westpac Banking Corporation is expected to occur in the first-half of 2011.

The 48.3MW Woodlawn wind farm uses 23 Suzlon S88 2.1MW turbines and is located near Bungendore in New South Wales, adjacent to Infigen Energy’s 140.7MW Capital wind farm.

The Woodlawn project is scheduled for completion in the second-half of 2011.

Infigen Energy says the project has the potential to increase in size upon securing an eligible offtake agreement.

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