Denham puts $75m into Australian wind farms
May 7th, 2013International private equity firm Denham Capital is investing $75m in a 1 GW portfolio of wind farms in Australia.
Denham has joined three companies including renewable energy firm Enersis Australia to form OneWind Australia, which will build three wind farms: the 100 MW Glen Innes in New South Wales; 250 MW Lincoln Gap in South Australia; and 240 MW Cattle Hill in Tasmania.
Denham has appointed Michael Toke as managing director of OneWind Australia, which is based in Sydney. Toke has more than 10 years of experience in the wind industry, most recently as chief executive of Cannon Power Group, a California company that developed, financed and built more than 1000 MW of wind capacity globally.
Scott Mackin, managing partner at Denham Capital, said: “We are delighted to be forming OneWind Australia with our partners and look forward to accelerating the near term pipeline of projects.”
He said the investment “underscores Denham’s commitment to Australia”.
