Nexif Energy, a joint venture between Singapore-based Nexif and private equity firm Denham Capital, will continue the progress as planned for its 212 MW Lincoln Gap wind farm in Australia amidst the financial difficulties of its engineering, procurement and construction (EPC) contractor, Senvion.
Lincoln Gap will be equipped with 56 Senvion 3.6M140 turbines of which three have been brought online this month and are exporting power to the grid. To keep the project on track, Nexif Energy has made arrangements to channel funds to the project’s subcontractors and service providers. This includes direct payment of amounts owing to continue work on the wind park.
In April 2019, Senvion has entered preliminary self-administered insolvency proceedings.
The wind project is expected to be operational by mid-2020.
