The 135 MW Crudine Ridge Wind Farm near Mudgee in NSW will provide enough electricity to power around 55,000 homes each year.
The wind farm is being developed by CWP Renewables and Partners Group and has a partial energy offtake agreement with Meridian Energy Australia, owners of retailer Powershop.
It is expected to deliver more than eight million tonnes of carbon emissions abatement over its lifetime.
GE and Zenviron will undertake construction, with the project using 37 GE 3.6-137 wind turbine generators.
The project will contribute more than $168,000 per year to Community Enhancement Funds established with the Mid-Western and Bathurst Regional Councils, as well as support upgrades to more than 20 kilometres of local council roads. In addition, 19 host landowners will benefit from rental income throughout the life of the project, with neighbour agreements helping distribute funds to others in the local community.
The wind farm is expected to support 75 full time equivalent jobs during construction, stimulating further investment in local businesses and services.
The CEFC is participating in a $113 million senior debt facility alongside Westpac and Sumitomo Mitsui Banking Corporation.
Learn more about the CEFC’s wind sector investments.