Goldwind nails Australia finance

Goldwind has already installed six turbines at Gullen Range

Goldwind has already installed six turbines at Gullen Range

China’s Goldwind has reached financial close for its 165.5MW Gullen Range Wind Farm in Australia.

The wind group has up to now been self-funding development of the project – its largest outside of China.

The package includes an A$250m ($233m) project financing facility.

The National Australia Bank (NAB) acted as financial adviser and took part in the financing along with partners including Bank of China and China Construction Bank.

Goldwind has signed a PPA with utility EnergyAustralia – itself owned by Hong Kong-based China Light & Power – to buy the output from Gullen Range.

John Titchen, managing director of Goldwind Australia, said: “Achieving Financial Close on Gullen Range Wind Farm demonstrates that Goldwind has Log in to read complete article.

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