SIMON Corbell informs us that local Canberra company Windlab has achieved “financial close” for its 19.4MW Coonooer Bridge Wind Farm in Victoria.
The project was one of three winners in the ACT’s 200MW wind auction, with a price of $81.50 per MWh and will contribute to the ACT’s achievement of 90% renewable energy by 2020.
“This is a truly exceptional project by Windlab, a local Canberra business,” Simon said.
“Financial close means the project’s financiers have released the funds required for construction to commence.
“For Windlab to be the first project to achieve financial close is a great outcome and proves the bankability of the ACT Government’s policy settings.
“Once the Coonooer Bridge project is completed it will supply enough renewable energy to power more than 10,000 Canberra homes – reducing emissions by around 67,000 tonnes per annum.
“The project will be managed from Windlab’s new global operations centre in Canberra.”
[Photo by Tumbling Run, attribution licence]
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