Singapore-based Nexif Energy has announced that it has signed agreements and is completing the acquisition of OneWind’s late stage development wind projects, the 212 MW Lincoln Gap project in South Australia and the 90 MW Glen Innes project in New South Wales.
Additionally, as part of the deal Nexif has acquired OneWind’s 32 percent share in RPVD Development Pty Ltd, which owns the Walkaway II wind and solar projects in Western Australia.
Both the Lincoln Gap and Glen Innes projects have reached an advanced stage of development and Nexif Energy intends to commence construction on them in the first quarter in 2017. They are also both fully permitted projects with secured land rights.
Matthew Bartley, co-CEO and Founder of Nexif Energy noted:
“We are excited to have the opportunity to invest in the projects. The team that we have assembled in Australia has a demonstrated track record and capability to successfully implement the projects, and we are looking forward to the imminent start of construction.”
Surender Singh, Nexif Energy’s fellow co-CEO and Founder added:
“Acquisition of these projects is an important milestone for Nexif Energy and represents significant growth of our business.”
Last month Nexif Energy announced the selection of Senvion as their preferred turbine supplier and EPC contractor for Lincoln Gap and Glen Innes projects, and Nexif Energy is currently working to complete debt financing arrangements for these projects with select finance providers.