Windlab making headway on Lakeland development
Windlab – which is also the developer of Kennedy Energy Park – previously announced a new tender process for the EPC contract for the Lakeland project.
In an announcement to the market today, the company said competitive bids had been received from multiple suppliers of next generation turbines with larger capacities than previously planned.
“Windlab’s technical team is evaluating the responses and will shortlist preferred suppliers in coming weeks before recommencing negotiations with equity providers, lenders and the grid operator,” the company said.
The Lakeland project is a fully approved wind farm, 60km south-west of Cooktown, adjacent to the town of Lakeland.
It came as Windlab extended its its corporate debt facility with the Clean Energy Finance Corporation (CEFC).
The size of the facility has been increased from a $3 million limit to $10 million.
Windlab said the revised facility provided the company with additional working capital to further the development of its Australian portfolio, with particular focus on additional high hub height turbine opportunities identified using WindScape.
The company has completed construction of the Kennedy Energy Park, but says the project commissioning has been delayed.
It was experiencing delays in completion of its generator performance standards and subsequent registration as a generator, Windlab said.
“Negotiations are progressing with the grid operator and the project’s EPC contractor to resolve the situation as quickly as possible. First energisation is now expected in the third quarter of this year, with commercial operations to follow,” the company said.
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