CBD will own the remaining 10% of the project under the proposal, which would be Banco Santander’s first foray into Australia’s wind industry.
The Spanish group says it has an exclusive option to negotiate the deal, which is subject to the completion of final due diligence.
Taralga, in the state of New South Wales, is currently owned by developer RES Australia.
The announcement of the Spanish group’s plans came after CBD revealed a power purchase agreement (PPA) had been reached with Australian retailer TRUenergy to buy all the electricity generated by Taralga.
David
