Australia
Infigen Energy's Australian portfolio consists of the Lake Bonney 1, Lake Bonney 2, Lake Bonney 3, Alinta and Capital wind farms.
These wind farms benefit from the MRET scheme, which provides for the sale of environmental credits in the form of a “Renewable Energy Certificate” (REC). Infigen Energy has a mix of long-term Power Purchase Agreements and market sales arrangements in place for its Australian wind farms.
Revenue assurance for Lake Bonney 1 is secured via a single off-take agreement for all electricity and RECs with a duration of 10 years.
For Alinta, all electricity and REC outputs are sold under off-take agreements with terms of 20 years for electricity and 10 years for RECs.
Lake Bonney 2 includes a mix of long term contracted revenues and market sales arrangements.
Lake Bonney 3, which is currently under construction, will sell its output into the wholesale electricity market.
The output from the Capital wind farm, which is currently under construction, is contracted to Sydney Water's desalination plant.