Hornsdale's $173.5m project financing propels Australia towards renewables target

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Asia-Pacific

Max Thompson

Managing Editor

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Australia's Hornsdale Wind Farm secured financing with a club loan of A$173.5 million from KfW IPEX-Bank and Société Générale for the project’s second stage of construction. The expansion will double the capacity of the wind farm from 100 to 200MW, as pressure builds from the Australia Capital Territory (ACT) to reach the state’s target of deriving100% of its power needs from renewable energy sources by 2020.