Infigen Energy Managing Director, Miles George said, “Infigen has a strong track record of developing, owning and operating utility-scale wind farms in Australia, and we are very pleased to have received final development approval for the Woodlawn wind farm."
IFN expects to commence construction of the wind farm when outstanding commercial arrangements are settled and subject to satisfactory resolution of the Federal Government’s proposed amendments to the Renewable Energy Target (RET) scheme introduced into Parliament yesterday.
Mr George said “It is critical that the Government’s proposed changes to the RET scheme are passed in the winter sittings of Parliament to enable the renewable energy industry to get on with delivering 20% of Australia’s electricity from renewable resources like wind energy by 2020. We are strongly supportive of the Government’s proposal which underpins continued growth of a sustainable utility-scale renewable energy industry in Australia with associated investment, employment, training and education benefits for many regional areas.”
Further details on the Woodlawn wind farm will be announced when IFN has made a final investment decision to proceed with construction of the wind energy project.
Infigen Energy is Australia’s leading specialist renewable energy business. Infigen Energy has five wind farms in Australia with a total capacity of 508 MW and plans to significantly expand its renewable energy business through the delivery of projects from its Australian development pipeline.
Infigen also owns and operates US and German wind energy businesses taking its aggregate wind energy business interests to 35 wind farms with a total capacity of 2,194 MW.
Infigen’s US business comprises 18 wind farms with a total installed capacity of 1,089 MW and also includes the Bluarc asset management business. It is the largest independent portfolio of wind energy generating assets in the US.
Infigen’s presence in Germany comprises 12 wind farms with a total installed capacity of 128.7MW. Infigen is listed on the Australian Securities Exchange and has a market capitalisation of approximately A$0.7 billion.