EPURON to Develop 1-GW Wind Project

[OKIsItJustMe]

http://www.renewableenergyaccess.com/rea/news/story?id=51161

January 17, 2008

EPURON to Develop 1-GW Wind Project

Sydney, Austrailia

The Australian subsidiary of EPURON GmbH and Macquarie Capital Group have signed a joint framework agreement to develop one of Australia's largest wind farms. The project will contain between 400 and 500 turbines and will have a peak capacity of 1 GW.

The project is currently being planned by EPURON and initial applications will be made in the approval procedure as early as next year. The project has the potential to supply 4.5 percent of the annual energy needs of New South Wales. Macquarie Capital Group will provide work on the financing.

"This joint venture brings together Macquarie Capital's strength in financing with EPURON's long-standing expertise in wind power. Substantial growth in renewable energy has recently begun to pick up in Australia. Our cooperation with Macquarie Capital puts us in a great position to cover a large part of this increasing demand," said Joachim Muller, managing director at EPURON.