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Projects being developed by Global Power Generation subsidiaries in state of Victoria 5 May 2021 |  Michael Marray Turbine manufacturer Vestas has arranged an export credit agency-backed payment deferral facility for three wind farms being developed by Australian subsidiaries of Global Power Generation. The two-year A$415 million (US$319 million) facility will be used for purchasing receivables related to the installation of Vestas wind turbines for the Ryan Corner, Hawkesdale and Berrybank Two wind projects in the southeastern state of Victoria. This is the first time that Vestas has offer...

Vestas Australia makes ‘first of its kind’ transaction Vestas Australia makes ‘first of its kind’ transaction Share Deal: Vestas – Australian Wind Technology Pty Ltd (Vestas Australia) has been advised on the receivables purchase arrangements supporting the construction and financing of the Ryan Corner Wind Farm, the Hawkesdale Wind Farm and the Berrybank 2 Wind Farm, for which Vestas Australia is the appointed EPC contractor. Value: $415 million. "); googletag.cmd.push(function() { googletag.display('div-gpt-ad-1606778613657-0'); }); } Area: Banking an...

Date Time Share Offshoring of $360 million Ryan Corner Wind Farm Contract Will Cost Jobs: Federal Government Must Act Now Weld Australia The jobs of 150 workers in regional south-west Victoria are under threat following the award of the wind turbine towers contract for the $360 million Ryan Corner wind farm to an overseas company. Danish company Vestas has sent the contract for the manufacture of 52 wind towers offshore. This is despite the fact that Keppel Prince Engineering—the only manufacturer of wind turbines on mainland Australia—is located just 70km away from the project site. As ...

The Victorian government forces companies that build state-backed renewable projects to use 60 per cent local content. Keppel Prince has won contracts on Victorian projects but the Ryan Corner project, which is not a Victoria-backed initiative, does not mandate Australian-made inputs. The next batch of Victorian Renewable Energy auction projects will likely begin later this year, meaning Keppel Prince could be forced to stay afloat with little work for the best part of a year. A Victorian government spokeswoman said its renewable energy program had provided Keppel Prince with work in recent y...

Advertisement In partnership with Global Power Generation, a subsidiary of the multinational power company Naturgy Group, Vestas has secured a 97 MW deal for the Hawkesdale Wind Farm in Victoria, Australia. The project will feature 23 V136-4.2 MW wind turbines which Vestas will supply and install. Upon completion, Vestas will also deliver a 15-year Active Output Management 5000 service agreement. With an energy-based availability guarantee, the service agreement will maximise the energy production of the fleet and provide Global Power Generation with long-term business case certainty. The dea...