- Published: 29 May 2019 29 May 2019
Vestas has secured an engineering, procurement and construction contract for the 227MW Collector Wind farm, to be developed by RATCH-Australia Corporation. The contract includes the supply of Vestas’ 4 MW platform turbines and a 25 year long-term service agreement with an energy-based availability guarantee.
The Australian government-owned Clean Energy Finance Corporation (CEFC) is injecting AUD 180 million into Collector Wind Farm as sole debt financier. CEFC will finance the project on a merchant basis, meaning it is assuming market risk on the project’s revenue rather than providing funding conditional on securing long-term Power-Purchase Agreements.
The project, located in the New South Wales Southern Tablelands, features challenging site restrictions on tip- and hub-height. The project will feature 54 Vestas V117-4.2 MW turbines at a hub height of 91.5 metres.