Green Giraffe on a new continent!
Press release, 28 June 2016
We helped Neoen close the financing today for the 100 MW second stage of the Hornsdale wind farm in Australia.
Neoen Australia has secured a long-term debt financing package for the 32-turbine, 100 MW second stage of the Hornsdale wind farm which altogether with the first and third stages will comprise 105 Siemens turbines. The multi-staged project, majority owned and managed by Neoen, is located near the South Australian town of Jamestown, 200km north of Adelaide. John Laing holds a minority interest in the project.
Green Giraffe acted as financial advisor to the project in the run up to the closing.
- Neoen has developed the project with local partner Megawatt and majority owns it alongside John Laing
- Siemens is building the wind farm, supplying the 32 turbines and providing long-term operations and maintenance of the project
- Hornsdale wind farm stage 2 (like phase 1) is financed by international banks KFW IPEX-Bank GmbH and Societe Generale, with Investec providing a mezzanine loan
- This phase is underpinned by a 20-year power purchase agreement with the ACT grid operator at 77 AUD/MWh