Partners Group buys second phase of Murra Warra Wind Farm in Victoria

RES Group and Macquarie’s Green Investment Group (GIG) have completed the development phase of the second stage of the Murra Warra Wind Farm near Horsham in Western Victoria, and have agreed to the sale of its interests to global private markets investment manager Partners Group (acting on behalf of its clients).

Murra Warra II Wind Farm comprises 38 wind turbines with a capacity of 209 MW. Murra Warra II builds is adjacent to the 61-turbine first stage of Murra Warra Wind Farm, which was also acquired by Partners Group (in 2018).

Financial close was also achieved with equity capital commitments provided by Partners Group and debt finance from a consortium of international banks. The financing was arranged by ICBC, ING, Mizuho, MUFG, SMBC, and Société Générale.

General Electric will provide the 5.5 MW turbines, with a combined output of 209 MW. The project will be constructed under contract with General Electric International and its subcontractor, Zenviron.

RES will provide construction and operational asset management services under a long-term agreement. RES and GIG arranged a long-term Power Purchase Agreement for Murra Warra II with utility company, Snowy Hydro through its Renewable Energy Procurement Program.

Murra Warra II will avoid emissions of an estimated 468 kilotonnes of CO2 each year, generating enough clean energy to power the equivalent of 150,000 Victorian homes.