BNP Paribas Australia & New Zealand News & Press
""
  • Press Contact

    Amanda Boswell

    Brand and Communications Australia & New Zealand

    Tel. : +61 2 9619 6299

    Contact by email

    Please note that our press office is only available for media enquiries. For general contact details, please see our contact page.

  • Disclaimer

    Please note, not all products and services that are mentioned in this section are available in Australia or New Zealand.

September 27, 2004 -

BNP Paribas closed the AU$ 216 million non-recourse financing for the construction of a 89.1 MW windfarm on 31 Aug 2004.

Forward to a friendForward to a friend PrintPrint

BNP Paribas is Co-Lead Arranger & Underwriter, Facility and Security Agent, Account Bank and Hedging Bank in the financing.

The windfarm is located near Geraldton in Western Australia. The key project sponsors are Babcock & Brown, National Power Partners and Carbon Solutions.

The project uses NEG Micon’s NM82/1650 wind turbines and is being constructed by NEG Micon, who will also operate the project in the first few years after commencement of commercial operations. The financing is underpinned by long-term offtake of the green electricity products (under Australia’s federal certificate scheme, MRET) and electricity .

Walkaway is the largest windfarm project to be project financed in Australia to date (surpassing Lake Bonney (80.5MW), which was solely arranged by BNP Paribas in 2003).