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Funding to fast-track wind farm  

Credit:  Helen Kempton | May 07, 2013 | www.themercury.com.au ~~

A wind farm in the Central Highlands will be fast-tracked after a new global energy private firm invested $US75 million ($A73.2m) to finalise it and a number of other wind projects around Australia.

The $500 million Cattle Hill wind farm, which will be the biggest on mainland Tasmania, received Environment Protection Authority approval in 2011.

The 100-turbine development is expected to produce up to 240 megawatts of electricity – enough to power more than 80,000 homes.

By comparison, the wind farm at Woolnorth in Circular Head has 62 turbines generating 140MW.

National Power started work on the Cattle Hill project, near Lake Echo, in 2010.

Denham Capital has joined forces with existing project sponsors, Enersis Australia, National Power and Kato Capital, under the name OneWind Australia.

The firm says the investment will accelerate the development of the projects and it aims to achieve financial closure in 2014.

OneWind Australia will also fund projects at Glen Innes in NSW and Lincoln Gap in South Australia.

Source:  Helen Kempton | May 07, 2013 | www.themercury.com.au

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

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