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| Putting experts behind your projects |
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| Hallet Hill Wind Farm, Australia |
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| BNP Paribas acted as one of the MLAs in the AU$ 215 million non recourse financing of a 71.4 MW Wind Farm in South Australia (Australia). Proceeds from the financing will support the acquisition of the Project by ANZ Infrastructure Services and the construction of the wind farm under a long term contract with AGL Energy effectively transferring ownership's risks and rewards typically associated with wind assets. |
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The Project is underpinned by a 25-year Offtake and Asset Management agreement with AGL Hydro, a subsidiary of AGL Energy (Australia's largest vertically integrated energy retailer) whereby:
(i) the Project receives fixed payments indexed at CPI; and
(ii) transfers construction, market, regulatory, wind flow, operational and maintenance risk to the Offtaker and Asset manager (AGL Hydro) which has all economic benefits from the wind farm, including renewable energy certificates.
The financing package has been structured on the back of structured Inflation and Interest Rate derivatives solutions effectively hedging Inflation and Interest Rate risks over the life of the Project.
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| Publication date : October 17, 2008 |
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