RES has announced the sale of its Taralga Wind Farm in New South Wales to Banco Santander and the diversified renewable energy company, CBD Energy Limited.
This world class project, which has been developed by RES, is now ready to enter the main construction phase. Upon completion, the project will have an installed capacity of 106.8 MW.
With construction of the Taralga Wind Farm due to begin in early 2013, full power generation is scheduled for 2014. When completed, Taralga will generate around 300 GW hours a year of renewable energy, which will be the equivalent of meeting the annual energy need of approximately 40,000 homes.
Matt Rebbeck, Chief Operating Officer for RES Australia, explains more about the sale: "The RES team has developed an excellent site and we are proud that Banco Santander and CBD Energy have chosen the Taralga Wind Farm to build their investments in the Australian renewable energy market. They bring strong experience as well as substantial purchasing power and funding, and are ideally placed to bring this development to completion."
Taralga Wind Farm remains committed to enhancing the local community. The project will create jobs and boost the local economy. Where the services and supplies are available, local companies will be used for the construction and operation of the project. Landowners involved in the project will receive a reliable long term source of income.
In addition to Taralga, RES has a high quality pipeline of other projects in development including the Ararat and Penshurst Wind Farms in Victoria.