wind

The energy developer, backed by Denham Capital, will begin construction of stage two of the 212MW Lincoln Gap project later this year after securing $116m in debt financing.

The Sydney-based fund manager turned to the Japanese market, with the debt facility underwritten by MUFG.

Wholesale energy retailer Flow Power will purchase 50MW of Sapphire’s 270MW capacity per year on a ‘10- to 12-year’ power-purchase agreement.

The acquisition of the 226MW project from RES and Macquarie Capital for ‘more than $142m’ is the Swiss firm’s fourth major wind farm investment in the country since 2015.

The airport will realise ‘significant’ cost savings from the deal, taking 95,000 MWh annually from Crudine Ridge Wind Farm, approximately 25% of the facility’s output.

The project in Victoria has a long-term PPA agreement in place with Origin Energy and is expected to appeal to mid-market renewables investors.

The government could also support new coal-fired power stations as PM Malcom Turnbull gives in to pressure from MPs within his own party.

Infratil and Mercury launched a joint bid to take 100% ownership of Tilt Renewables, which holds 11% of Australia’s installed wind capacity.

LBBW is targeting €100m for the vehicle, the first of in a series of infrastructure-related offerings.

The US-based renewables developer, backed by NZ Super and Infratil, is also proceeding with the construction of the 238MW Rio Bravo wind farm in the same state.