Weekly renewables M&A round-up (Jun 27-Jul 1)
Jul 01, 2022 17:05 CESTEngie buys developer of 420-MW wind project in Australia
Willogoleche wind farm in South Australia. Image by Engie (www.engie.com.au)
October 30 (Renewables Now) - French power utility Engie SA (EPA:ENGI), through its Australia and New Zealand (ANZ) unit, has acquired a project company behind the 420-MW Hills of Gold wind farm development in New South Wales.
Engie ANZ said Friday that it has finalised the acquisition of Wind Energy Partners Pty Ltd and will proceed to steer the AUD-750-million (USD 497.4m/EUR 425.7m) project.
The proposed wind farm will feature up to 70 pieces of 6-MW turbines, installed near the villages of Nundle and Hanging Rock. The project is currently moving through the planning process, Engie ANZ said. Construction is expected to start in early 2022.
The Hills of Gold project will support over 700 jobs during construction and operation phases. Once in service, the wind farm generate up to 1,100 GWh per year, or enough to power 185,000 average Australian homes, the company said.
(AUD 1.0 = USD 0.706/EUR 0.604)
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