EPURON Pty Ltd, a subsidiary of the TecDax listed Conergy AG (ISIN DE 00060 40025) and Macquarie Capital Group Pty Limited have signed a joint framework agreement for developing, financing and building Australia's biggest wind farm in Silverton, far western New South Wales Australia.
EPURON signs Joint Venture Agreement with Macquarie Capital for Australia's biggest wind farm
Sydney, 8 January 2008: EPURON Pty Ltd, a subsidiary of the TecDax listed Conergy AG (ISIN DE 00060 40025) and Macquarie Capital Group Pty Limited have signed a joint framework agreement for developing, financing and building Australia's biggest wind farm in Silverton, far western New South Wales Australia.
Between 400-500 wind turbines with an ultimate capacity of around 1,000 megawatt, the Silverton Wind Farm could cover 4.5% of the annual energy needs of New South Wales with environmentally-friendly electricity.
This will correspond to the power consumption of more than 400,000 households per year.
"We are delighted to announce this joint venture" said Joachim MŁller, managing director at EPURON and responsible for global financing and wind power activities.
"This joint venture brings together Macquarie Capital's strength and experience in financing large scale infrastructure and EPURON's worldwide expertise in wind power."
Rob Sauer, chairman of EPURON Pty Ltd who has been appointed chairman of the joint venture added: "We are entering an exciting new phase of the development of renewable energy for Australia - and, together with Macquarie Capital, we will be well positioned to deliver excellent results from the Silverton project for all stakeholders, including the local community".
The project for building Australia's largest wind park is currently in the planning stages, and is expected to submit a development application to the New South Wales Department of Planning in 2008.
EPURON GmbH is one of the world's leading project development and structured financing companies in the renewable energy sector. The company develops finances and implements solar and wind farms and solar thermal power stations. Since its foundation in 1998, EPURON has financed and implemented over 70 large-scale projects with an investment volume of over 640 million euros. Its clients include institutional and private investors around the globe. EPURON has branches in twelve countries on five continents. EPURON is a member of the listed company Conergy AG, the world's market leader in solar power systems.
EPURON Pty Ltd Australia was founded 2003 and is based in North Sydney. The company is working on several wind farm projects in New South Wales with three projects totalling 90 megawatt having received development consent and more in the pipeline. EPURON owns and operates one of the largest networks of wind monitoring masts in New South Wales, providing an enhanced understanding of the wind resource around the state.
Macquarie Group Limited is a diversified international provider of banking, financial, advisory and investment services, headquartered in Sydney, Australia. In Australia and New Zealand, Macquarie is a market leader in investment and financial services. In Asia, Macquarie offers a full range of investment, financial market and advisory products and services, and in Europe, the Middle East, Africa and the Americas, Macquarie focuses on particular business areas in which its expertise delivers value to clients. Macquarie has grown substantially since its beginnings in Australia in 1969 - and more recently has reported successive years of record profits and growth since 1992. Macquarie now employs more than 11,000 people in 25 countries.
Macquarie Capital is one of the seven operating groups within Macquarie Group Limited. It includes corporate advisory, wholesale structuring, underwriting, specialist funds management, private equity, specialised equipment financing, institutional stockbroking and equities research capabilities.