Nexif Energy, a portfolio company of Denham Capital, has acquired OneWind’s late-stage development wind projects: Lincoln Gap in South Australia and Glen Innes in New South Wales. Also, Nexif has acquired OneWind’s 32 percent stake in RPVD Development Pty Ltd, owner of the Walkaway II wind and solar projects in Western Australia. No financial terms were disclosed.
MELBOURNE, Australia–(BUSINESS WIRE)–Singapore-based Nexif Energy announced today 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.
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.”
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.
“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 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.
About Nexif Energy
Nexif Energy was formed in August 2015 by Nexif, a Singapore-based independent power management company, and Denham Capital, a leading global energy-focused private equity firm with more than $8.4 billion of invested and committed capital across eight fund vehicles, to develop, finance, construct and opportunistically acquire conventional and renewable power generation assets across Southeast Asia and Australia. For more information on Nexif Energy, visit www.nexifenergy.com.