By: Bettina Bergoo On: December 10, 2018 In: Comments: 0

The CEFC and specialist infrastructure debt investment manager Westbourne Capital have committed AU$160 million in finance to construct Stage II of Nexif Energy’s Lincoln Gap Wind Farm in South Australia. The additional CEFC commitment, of AU$50 million, takes its overall senior debt commitment in the project to AU$200 million, representing its largest investment in a single wind farm development to date. When complete, the Lincoln Gap Wind Farm near Port Augusta will have a total generating capacity of more than 212 MW, producing enough energy to power 155,000 homes. It will offset some 680,000 tonnes of carbon emissions annually. CEFC Wind sector lead Andrew Gardner said: “This debt finance package sees Westbourne Capital participating as a mezzanine debt lender alongside our senior debt commitment. “The ability to fold mezzanine debt into finance for new build wind farms in this manner creates new investment opportunities for non-bank lenders to further support the growth of the renewable energy sector.”

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