New
Zealand-based
Meridian
is
developing
the
A$1bn
Macarthur
project
–
billed
as
the
largest
wind
farm
in
the
Southern
Hemisphere
–
in
a
50/50
joint
venture
with
Australian
utility
AGL.
Meridian
secured
the
debt
finance
needed
for
its
half
from
a
syndicate
led
by
Australia
and
New
Zealand
Banking
Group
(ANZ).
Macarthur,
which
is
located
in
the
southwest
of
the
state
of
Victoria,
is
due
for
completion
in
2013.
The
developers
have
already
placed
a
turbine
order
for
140
3MW
machines
with
Vestas
to
power
the
project.
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