China’s Goldwind has closed financing of almost A$700m ($538m) for its 530MW Stockyard Hill wind project in Australia.
A nine-strong international banking syndicate led by National Australia Bank is backing the project, which was bought by Goldwind in May and has secured a long-term PPA with original developer Origin Energy.
Goldwind – which will deploy its new 3.6MW turbines at the wind farm in Victoria – said full-scale construction will get underway in the first quarter of 2018, and named a joint venture of SNC-Lavalin and WBHO as preferred contractor.
