The 113 MW Bodangora Wind Farm, near Wellington in New South Wales, produces enough power to meet the needs of over 49,000 homes each year.
113 MW
49,000
homes
$80m
CEFC finance
Building Bodangora wind farm is the first significant milestone in delivering on Infigen's growth ambitions. We have been delighted to work with our partners in bringing this project to fruition. Critical to our success has been the role played by the Clean Energy Finance Corporation and NORD/LB, in providing Infigen with debt facilities.Ross Rolfe AOCEO/Managing Director, Infigen Energy
Our investment
The CEFC committed $80 million towards a debt finance package with German investment bank NordLB for the $236 million Infigen Energy project. The CEFC finance was repaid in January 2021. In June 2021, Infigen Energy was rebranded as Iberdrola Australia.
our impact
Bodangora includes 33 General Electric (GE) 3.43-130 turbines. A consortium of equipment manufacturer GE Australia and civil engineering construction company CATCON, was awarded the engineering, procurement and construction (EPC) contract for the wind farm. EnergyAustralia agreed to purchase 60 per cent of Bodangora's output to 2030 and the balance was being actively managed within Infigen's energy markets’ risk framework.
Bodangora makes an important contribution to the renewable energy capacity in New South Wales. By supporting projects such as Bodangora, which have an element of merchant energy price risk, the CEFC demonstrates delivery of a tailored financing model that supports the developer's needs, as well as mitigates risk to the lender.
