The 113MW Bodangora wind farm will proceed to construction after developer Infigen Energy announced it had secured funding from a combination of sources.
Infigen said the total cost of the project would be $236 million, to be funded by a $163 million construction facility provided by German bank NORD/LB and the Clean Energy Finance Corporation (CEFC) and $74 million of equity from Infigen.
Comprising 33 turbines, Bodangora is to be built near Wellington in Central NSW by a consortium comprising General Electric and Civil & Allied Technical Construction (CATCON).
The project is expected to be fully operational in the second half of 2018. It will provide around 120 direct jobs during construction and seven full-time jobs during its operating life.
Once operational, the Bodangora wind farm is expected to produce enough energy to meet the needs of over 49,000 homes.
As part of the financing deal, Infigen acquired the 50 percent of the project it did not already own, and is now the sole owner of the wind farm.