Nexif Energy Announces Milestones on New Power Generation Projects in Australia

20-Feb-2017 10:30 AM



Company on target to commence 300 MWs in 2017

MELBOURNE, Australia--()--Nexif Energy, an independent power producer focused on Australia and SE Asia, shared updates on the company’s two new wind generation projects.
 

Nexif Energy has confirmed it has entered into contracts with Senvion Gmbh of Germany to engineer, supply and construct Nexif Energy's two new wind generation projects in Australia – the 212 MW Lincoln Gap Wind Farm in South Australia and the 90 MW Glen Innes Wind Farm in NSW. Both projects are fully permitted.

Since closing on the acquisition of these projects last year, Nexif Energy has made significant strides in its growth plans for Australia. The company kicked off early works at the Glen Innes site in early January 2017 and has also begun offering market-based LGC and energy contracts to counterparties and customers.

Matthew Bartley, Nexif Energy’s Founder and co-CEO stated, “We are proud to announce this major milestone for our Australian wind farm projects and we are looking forward to working with Senvion and starting construction in the next few months.”

“Representing an investment of over A$600 million when constructed, our wind farm projects in Australia form a major part of our growth plans. We look forward to building a portfolio of complementary power generation projects in Australia,” added Surender Singh, fellow Founder and co-CEO of Nexif Energy.

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.

Contacts

Pierpont Communications on behalf of Nexif Energy
Krystal Patout, 713-627-2223
kpatout@piercom.com


 

Media contact

Lauren Taylor
Account Executive Australia and New Zealand

lauren.taylor@businesswire.com

Tel: 02 9004 7015

About us

With thousands of distribution and targeting options that reach 162 countries in 50+ languages and 193 industry trade categories, Business Wire gives you access to the world's most powerful press release network. Built on our patented simultaneous and secure NX network and augmented with partnerships with international and national news agencies, Business Wire is a valued and trusted source for breaking news by reporters, investors and consumers.

More in Business Wire Australia and New Zealand