Wind is an important part of Australia's clean energy transition, and is forecast to make a substantial contribution to the Renewable Energy Target. The CEFC is working with a range of wind projects which are capitalising on the natural strengths of regional Australia, as well as delivering new income streams to local communities.
WATCH: Ararat - Powering 12,000 Victorian homes
CEFC FINANCE IN ACTION
$150 million in senior debt finance to the 126MW first stage of the 212MW Lincoln Gap Wind Farm at Port Augusta in South Australia. The CEFC agreement with Nexif Energy includes the addition of 10MW of battery storage. Once completed the wind farm is expected to produce enough energy to meet the needs of around 155,000 homes.
The CEFC has committed $94 million in debt finance to the development of Australia's first fully integrated wind solar and battery project at Kennedy Energy Park in central north Queensland.
$80 million to help accelerate the development and delivery of the $236 million 113 MW Bodangora wind farm, near Wellington in the state's central west. Once operational, the Bodangora wind farm is expected to produce enough energy to meet the needs of over 49,000 homes, making an important contribution to the renewable energy capacity in New South Wales.
$120 million as one of the co-financiers in the development of the $588 million 270MW Sapphire Wind Farm between Glen Innes and Inverell in northern New South Wales. The project is expected to generate enough electricity to power 110,000 average homes, and abate some 600,000 tonnes of carbon emissions a year.
$8 million in debt finance to Canberra-based Windlab to help it expand its business commercialising CSIRO-developed innovation and continue its transition from project development to investment and asset management
$67 million in senior debt finance for Ararat Wind Farm in Victoria, which will create enough electricity to power 120,000 homes
$70 million in debt finance for the expansion of the Portland Wind Energy Project in Victoria, supporting Australian manufacturing, resources and skills
$50 million in senior debt finance for Macarthur Wind Farm in Victoria, the largest in the southern hemisphere with the potential to avoid 1.7 million tonnes of Australian carbon emissions a year
$37.5 million in senior debt finance for the Taralga Wind Farm, in New South Wales, a boost for the local wind engineering sector.