Nexif Energy said on Thursday it is concluding an acquisition of a portfolio of Australian projects developed by OneWind, including two late-stage developments totalling 300 MW.
Specifically, Nexif Energy has agreed to acquire OneWind’s 212-MW Lincoln Gap wind project in South Australia and the 90-MW Glen Innes wind scheme in New South Wales. Both projects are fully permitted and have land rights secured.
The company, which is currently working to finalise debt financing for the two projects, plans to start construction work at the sites in the first quarter of 2017. It has already selected Germany’s Senvion as the preferred turbine supplier and engineering, procurement and construction (EPC) contractor.
Furthermore, Nexif Energy is buying a 32% interest in RPVD Development Pty Ltd, which owns the Walkaway II wind and solar projects in Western Australia.
Nexif Energy is a joint venture between Singapore-based independent power management company Nexif and private equity firm Denham Capital. It was formed in August 2015 to develop, finance and realise conventional and renewable power projects across Southeast Asia and Australia.
