WATERLOO WIND FARM

RENEWABLES

ASSET DESCRIPTION

  • 74% ownership of the Waterloo Wind Farm, located in South Australia
  • 131MW, comprising 37 x 3.0MW V90 and 6 x 3.3MW V117 Vestas turbines
  • Proportionate board representation
  • Long-term contracts
    • Offtake Agreements with Hydro Tasmania for 10 years and Energy Australia for 15 years
    • Warranty, Operations and Management Agreement with Vestas

INVESTMENT FUNDAMENTALS

  • Operating asset (since 2010) with proven wind turbine technology
  • Revenue stream backed by long term offtake agreements
  • Operational costs covered by Warranty, Operations and Management Agreement with Vestas
  • Asset Management services provided by Palisade Integrated Management Services (PIMS)

KEY RISKS AND MITIGATION

  • Wind and generation risk managed through demonstrated operating performance. Warranty, Operations and Management Agreement payments are also linked to actual generation, thereby aligning incentives
  • Refinancing risk mitigated through conservative capital structure, long term debt in place
  • Pricing risk mitigated through long term offtake agreements
    • Asset Management Agreement with Palisade Integrated Management Services (PIMS) to oversee whole business management under agreed reporting and governance structure

Visit the Waterloo Wind Farm website