By: greenbank On: March 01, 2017 In: Comments: 0

CEFC committed AU$81 million to help accelerate the development and delivery of the AU$236 million 113 MW Bodangora wind farm, near Wellington in the state’s central west. EnergyAustralia will purchase 60 per cent of Bodangora’s energy generation to 2030, with the balance of the project’s output to be actively managed within Infigen’s energy markets risk framework. Germany’s Norddeutsche Landesbank Girozentrale (NORD/LB) bank is also making its first wind financing in Australia, as a co-lender to the Bodangora project. By supporting projects such as Bodangora, which have an element of merchant energy price risk, CEFC delivers a tailored financing model that supports the developer’s needs as well as mitigates risk to the lender.

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