PowerChina and Goldwind Australia sign financing deal for their 144 MW Cattle Hill wind project located in Lake Echo, Tasmania.
The project will feature 48 onshore wind turbines. Construction of the project is already started. The facility is expected to start operation later this year.
Herbert Smith Freehills, a legal services provider, advised the two companies on financing. The financing for the project will come from a group comprising Industrial and Commercial Bank of China, Australia and New Zealand Banking Group Limited and Westpac Banking Corporation. KPMG served as the financial advisor of the transaction.
As announced earlier, the power outputs of the project will be purchased by Aurora Energy, a state government-owned electricity retailer, under a long-term contract.
