Goldwind eyes sale of 450-MW wind project in Queensland

Goldwind Australia is looking to find a buyer for the first stage of its 800-MW Clarke Creek Wind Farm project in Queensland, it was announced on Wednesday.

The developer, which is a unit of Chinese wind turbine maker Xinjiang Goldwind Science & Technology (HKG:2208), has appointed PwC as financial advisor for the potential sale of the 450-MW first stage. A spokesperson for Goldwind Australia has confirmed the development for the Australian Financial Review.

According to the newspaper, some AUD 800 million (USD 589.1m/EUR 493.5m) would be needed to get the wind farm off the ground. It writes that PwC will seek a party capable of providing about half that amount in debt and the other in equity.

Goldwind Australia is developing the project together with Australia-based Lacour Energy.

The up to 195-turbine Clarke Creek Wind Farm will be located on the mountain range in the Isaac and Livingstone Shire council areas, with its first phase using 101 Goldwind turbines. In August, Queensland government-owned Stanwell Corp signed an off-take deal to purchase their output.

Goldwind previously said it has plans to make Clarke Creek part of a bigger complex that will include between 200 MW and 400 MW of solar capacity and a battery storage facility.

(AUD 1.0 = USD 0.736/EUR 0.617)

Choose your newsletter by Renewables Now. Join for free!