CBD Energy awards EPC job for 106.8-MW wind scheme in Australia
Jun 24, 2013 - Australian CBD Energy (ASX:CBD) said Monday it had awarded a deal for the engineering, procurement and construction (EPC) and equipment maintenance for its 106.8-MW Taralga wind project in New South Wales, Australia
The development of the wind park is calling for about AUD 280 million (USD 258m/EUR 197m) in investment, the Australian green energy firm said. Yet, it did not disclose the value of the EPC contract, nor the awardee.
CBD Energy owns a 10% stake in the Taralga wind park and will be its operator, when completed. It sold the controlling 90% interest in the project in September 2012 to Spanish commercial bank Banco Santander (MCE:SAN). The lender will finance 35% of the project's capital costs.
Construction works are planned to last 18 months, with the facility to be put online in the closing quarter of 2014. When up and running, the 51-turbine wind farm will generate about 290,000 MWh of power annually, enough to supply 45,000 households. It will also mitigate 7.5 million tonnes of carbon dioxide (CO2) emissions, CBD Energy calculates. It will operate under a power purchase agreement with Energy Australia.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.