CBD Energy named manager for 107-MW Aussie wind farm

Jun 18, 2014 - Australian renewable energy firm CBD Energy (NASDAQ:CBDE) on Tuesday said it has secured a contract for the management of the 107-MW Taralga wind project in New South Wales, Australia.

The Taralga project is 90%-owned by Spanish commercial bank Banco Santander (MCE:SAN), which purchased the stake from CBD Energy in September 2012. CBD Energy has the remaining 10% interest in the wind park and will also be its operator, when completed.

Construction works at the Taralga wind farm are currently underway, with commissioning of the 51-turbine facility seen to start in the third quarter of 2014. Danish company Vestas Wind Systems A/S (CPH:VWS) is the turbine supplier for the AUD-280-million (USD 261m/EUR 193m) scheme. When up and running, the plant will generate about 300 GWh of power annually, enough to supply 40,000 households. Its output will be sold to Energy Australia.

(AUD 1.0 = USD 0.934/EUR 0.689)

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