TagEnergy to start work on phase 2 of 1,333 MW Wind farm in Australia

TagEnergy commenced work on stage 2 of the 1333 MW Golden Plains Wind Farm after reaching a financial close on the second stage of its AU$4 billion (US$ 2.6 billion) project in Victoria, Australia.

The project consists of Stage 1 generating 756 MW and Stage 2 generating 577 MW, contributing 9% of Victoria's energy upon completion by mid-2027. TagEnergy secured financing from a consortium of lenders specializing in clean energy transition, including Australia's Clean Energy Finance Corporation, Commonwealth Bank of Australia, Westpac, Denmark's Export & Investment Fund, Japan's Mizuho Bank, France's Natixis Bank, Bank of China, and Germany's Deutsche Bank. TagEnergy has signed a new EPC contract with Vestas, a global turbine supplier, appointed AusNet Services for grid connection, and selected WestWind Energy as asset manager.

Stage 2 construction begins as civil works for Stage 1 approach completion and 25% of Stage 1's turbines are installed. Stage 1 of the Golden Plains Wind Farm is anticipated to commence green energy production in early 2025, with Stage 2 following in mid-2027.