Nexif Energy completed construction and refinancing for 212 MW Wind farm in Australia

Nexif Energy, the Australian and South East Asian power company, backed by Denham Capital announced that its Lincoln Gap Wind Farm has achieved full commercial operations. It has also closed the refinancing of its 366MW Australia portfolio under a single portfolio financing facility.

A lending group comprising KfW, SMBC and Westpac has completed a refinancing package of AUD397 million (US$282.38 million) for term loan, working capital and letter of credit facilities which consolidates the three existing separate debt facilities in place for the portfolio’s construction. The portfolio consists of both stages of the Lincoln Gap Wind Farm and 154MW Snapper Point gas fired power plant.

The 212 MW Lincoln Gap Wind Farm is located near Port Augusta in South Australia and has the capacity to produce enough green energy to power 155,000 homes. Snapper Point is in advanced commissioning stage and will support the provisions of electricity off-take contracts from the Lincoln Gap Wind Farm and will feed into the national electricity market.