Nexif secures financing for Phase II of 212-MW Aussie wind project, eyes more

Nexif Energy is ready to begin construction on the second phase of the 212-MW Lincoln Gap wind farm in South Australia, the Singaporean power producer said.

The company is also exploring options to further expand the complex into a hybrid energy hub.

The second phase of the project will add 86 MW to the under-construction 126-MW Phase I of the Lincoln Gap wind complex, which will be coupled with a 10-MWh battery storage system. Nexif Energy said last week it has achieved financial close on Phase II after getting AUD 160 million (USD 222m/EUR 140m) in debt from the Clean Energy Finance Corp (CEFC) and Westbourne Capital.

A notice to proceed has already been issued to engineering, procurement and construction (EPC) contractor Senvion SA (ETR:SEN).

The 126-MW Phase I of the project near Port Augusta is currently in an advanced stage of construction. Once the Phase II is completed, the complex will have 59 Senvion turbines, expected to generate electricity for some 155,000 homes in South Australia. The battery storage facility will be supplied by Fluence, a joint venture of Siemens AG (ETR:SIE) and AES Corp (NYSE:AES).

In line with the Phase II construction start, Nexif Energy is conducting feasibility studies to assess the potential for further expanding the Lincoln Gap project and creating a renewable energy hub at the site.

(AUD 1.0 = USD 1.385/EUR 0.875)

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