Nexif Energy has announced the acquisition of two OneWind Australia projects.
The Singapore-based company announced it had signed agreements and is completing acquisition of two late stage development wind projects – the 212MW Lincoln Gap project in South Australia, and the 90MW Glen Innes project in New South Wales.
Additionally, as part of the deal Nexif has acquired OneWind’s 32 per cent share in RPVD Development Pty Ltd, which owns the Walkaway II wind and solar projects in Western Australia.
Nexif Energy co-CEO and founder Matthew Bartley said he was 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,” Mr Bartley said.
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.
“Acquisition of these projects is an important milestone for Nexif Energy and represents significant growth of our business,” added Surender Singh, Nexif Energy’s fellow co-CEO and Founder.
Last month, Nexif announced the selection of Senvion as their preferred turbine supplier and EPC contractor for Lincoln Gap and Glen Innes projects.