Nexif En­ergy ac­quires OneWind Aus­tralian projects

DEMM Engineering & Manufacturing - - NEWS -

Sin­ga­pore-based Nexif En­ergy 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.

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. www.nex­ifen­ergy.com

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