Granville Harbour wind farm reaches close with CEFC investment
12 July 2018

Palisade Investment Partners has reached financial close on its A$280 million ($207 million) Granville Harbour wind project located on Tasmania’s west coast. The 112MW farm will sell its output and certificates to Hydro Tasmania under a long-term PPA. Equity is being provided by Palisade Renewable Energy Fund (PREF) and the Clean Energy Finance Corporation. Debt providers - around A$200 million on a five-year tenor - are MUFG, ANZ and Westpac. The project, which comprises 31 Vestas turbines, is scheduled to commence commercial operations towards the end of 2019. The project was initially developed by Westcoast Wind which was bought by Palisade in February 2018.

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