The economics of the Woodlawn wind farm are underpinned by a high quality wind resource, attractive turbine pricing, and an efficient connection to be achieved via the existing 330/33 KV sub-station at the Capital wind farm. Once completed Infigen will own and operate 87 x S88 wind turbines (182.7 MW) in the same location providing scope for additional operational efficiencies.
Infigen is currently in discussion with parties regarding sales arrangements for the outputs of the wind farm. The additional capacity will be integrated into IFN’s merchant energy portfolio which contracts directly with electricity retailers and major industrial consumers of electricity and wholesale energy market participants. IFN holds a NSW retail electricity suppliers licence.
Infigen Energy Managing Director, Miles George said, “The Infigen team has a strong track record in developing, owning and operating wind farms in Australia. The commencement of our sixth wind farm in Australia represents an important milestone in the delivery of our FY11 construction program.”
“Recent enhancements to Australia’s renewable energy target legislation have boosted confidence in the large scale renewable energy industry, and provided further certainty for investment in regional Australia. We are committed to continuing the growth of our Australian business through the staged execution of our development pipeline to provide attractive returns for our securityholders,” Mr George added.
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 1089 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 128.7 MW.
Infigen is listed on the Australian Securities Exchange and has a market capitalisation of approximately A$0.7 billion.
Suzlon is ranked as the world’s third largest wind turbine supplier in terms of global market share in 2009. Suzlon has its corporate office in Pune, India. The company’s global spread reflects in its project and market portfolio, extending across Asia, Australia, Europe and North and South America.
Suzlon Energy Australia is a leading provider of utility scale, grid connected wind farms with current contracts in Australia to supply 360 Suzlon S88 2.1 MW wind turbines delivering over 750 MW of renewable energy.
The Woodlawn wind farm will have a total installed capacity of 42 MW comprising 20 Suzlon S88 wind turbines. The Woodlawn wind farm is located near Bungendore in New South Wales, Australia.
Operated by Infigen. Services and maintenance agreement with Suzlon Energy Australia for five years. Land: 30 year land leases with additional five year option to extend. Infigen’s ownership: 100%. Regulatory regime: Large-scale Renewable Energy Target (LRET)