Neoen has achieved financial close on the Kaban Green Power Hub, a project designed to generate clean energy and strengthen the electricity network in Far North Queensland, Australia.
The project consists of a 157 MW wind farm located near the town of Ravenshoe in the Atherton Tablelands and a 320 km transmission line upgrade of the North Queensland coastal circuit. The wind farm consists of 28 Vestas V162 turbines with a 5.6 MW capacity each. The wind project is under construction and Vestas is selected as an EPC contractor for the farm. Construction is expected to take 21 months with full energy generation scheduled for 2023.
Total project costs will amount to AUD370million (US$265.84 million), with debt provided by a syndicate of five lenders- BNP Paribas, HSBC, MUFG, NAB, and NORD/LB. The project has a 15-year capacity purchase agreement (CPA) with CleanCo, Queensland’s publicly owned clean energy company, for 100% of the energy generated.
Country updates
-
-
September 20, 2021
EnergyAustralia seeks EPC partner for Wooreen Energy Storage System
EnergyAustralia has called for expressions of interest in the development of Australia’s first four-hour utility-scale battery of 350 MW capacity by 2026 in Victoria’s Latrobe Valley, the&...
Read more -
September 17, 2021
Amp closes financing for the 120 MW Hillston Solar Farm in NSW
Amp Power Australia Pty Limited, the Australian operating company of global developer Amp Energy (Amp), has reached financial close for its 120 MW Hillston Solar Farm in New South Wales, Australi...
Read more -
September 15, 2021
Sweetman Renewables signs deal with CAC-H₂ for wood fed hydrogen plant development in NSW
Australian renewables startup Sweetman Renewables Ltd. has entered into a joint-venture agreement with Singaporean company CAC-H₂ to develop a wood-fed hydrogen production center in New South Wal...
Read more -
September 09, 2021
Epuron plans 300 MW St Patricks Plains wind project in Tasmania
Epuron Pty Ltd, an Australian renewables developer, is planning to build the 300 MW St Patricks Plains wind farm project in Tasmania. Epuron has cut down the proposed number of turbin...
Read more -
September 08, 2021
Vestas to supply turbine for 181 MW Dulacca Wind Farm in Queensland
Together with RES Group in Australia, Vestas has secured a 181 MW deal for the development of the Dulacca Wind Farm in Queensland, Australia. The project will feature 43 V150-4.2 MW&nbs...
Read more
