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Instituto de Crédito Oficial (ICO) and Acciona have signed an agreement for a loan of AUS$ 75 million to finance the construction and start-up of the Mt. Gellibrand wind farm in the State of Victoria.

The new wind farm, which will come on stream in the second semester of 2018, has a total capacity of 132MW. The electricity generated by the facility will all be sold in the wholesale market (pool). The Government of the State of Victoria made a commitment to purchase renewable energy certificates for 66MW of the power generated by the wind farm.

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