ERM Power Supports Nexif Energy’s $450M South Australia’s Wind Farm

Jon Capistrano
Jon Capistrano
April 20, 2017

A $450M South Australian wind farm planned by Nexif Energy, a Singapore-based company, is one step closer to reality after Queensland-based retailer ERM Power signed deals to purchase renewable energy certificates the farm will generate.

The agreement for the 212-megawatt Lincoln Gap wind farm is expected to be the first of a series of similar deals to be reached over the next few weeks with electricity retailers and industrial customers that will establish first two projects in Australia that is worth $600M in total as stated by Zeki Abas, the head of Australian operations.

Nexif entered the Australian renewables market last year with a deal to buy 2 late-stage wind developments from OneWind. Nexif is backed by private equity player Denham Capital. The 90 megawatt Glen Innes wind farm in New South Wales is expected within 6 weeks, with Lincoln gap to follow about 2 weeks later. The Lincoln Gap wind farm with 59 turbines will be constructed later this year.

Click here to read the full story on Australian Financial Review

Leave a Reply

Your email address will not be published. Required fields are marked *

Share on facebook
Share on twitter
Share on linkedin
OUR MOST POPULAR POSTS

Trending Posts

The Advantages of Solar Batteries in Bad Weather
Solar

The Advantages of Solar Batteries in Bad Weather

Solar batteries can make a huge difference to the average home during bad weather. In years gone by if the power went out, there was little a household could do but light some candles and wait for electricity to be restored.