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Capital Renewable Energy Precinct

16th December, 2011

As announced at Infigen's Annual General Meeting its 48.3 MW Woodlawn Wind Farm located near Bungendore in New South Wales has reached practical completion. The wind farm forms part of the Capital Renewable Energy Precinct that includes the 140.7 MW Capital Wind Farm. Infigen hopes to further develop the renewable 'resource rich' precinct having received planning approvals for both the Capital Solar Farm and the Capital 2 Wind Farm.

Woodlawn Wind Farm is Infigen's sixth Australian wind farm and was delivered on time and on budget. The final construction cost was $115 million partially funded by a $55 million project finance facility which is now fully drawn.

The wind farm has a 'ramp up' period with full production expected for FY13. Since operations commenced Woodlawn Wind Farm has undergone compliance testing to ensure it is within the operational noise criteria in the project approval. The testing was carried out by Vipac Engineers and Scientists Ltd, independent acoustic experts, who also completed the testing at the Capital Wind Farm. Infigen expects the Department of Planning's assessment of the compliance reports to be available early in the New Year.

Infigen sells the output of the Woodlawn Wind Farm on a merchant basis.

The Woodlawn Wind Farm will provide enough renewable energy annually to power approximately 23,000 homes and assist in meeting New South Wales' growing electricity demand.

The project has created more than 150 direct jobs during construction and many more indirect jobs including the fabrication of towers, buildings, switchrooms and electrical equipment all within Australia. Infigen has provided on-site apprentices with valuable work experience and the wind farm has also benefited the local community through increased economic activity.

The project has given impetus to young families to stay and work in the area. A local technician Andrew McDade working at the wind farm said, "With this industry, I now think that there is more of a chance for my kids to stay in the area."

Infigen's General Manager of Development in Australia, David Griffin, said "The delivery of Infigen's Woodlawn Wind Farm on time and on budget is a testament to the commitment of Infigen employees, Suzlon Energy Australia, contractors and a supportive local community."

"The wind farm will contribute to Australia's 20 percent Renewable Energy Target and it is expected to benefit from the recent Clean Energy Bills passed by the Australian House of Representatives," Mr Griffin said.

ENDS

 

For further information please contact:
Richard Farrell, Investor Relations Manager
Tel +61 2 8031 9900
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