31 May 2018 3:48pm
Infratil announces that Longroad Energy has closed the financing of its 237.6 MW Rio Bravo wind farm project in Starr County, Texas, USA.
A media release from Longroad Energy relating to this project, which is scheduled to commence commercial operations in June 2019, is attached.
The construction costs are approximately US$300m, with Longroad Energy investing approximately US$100m as sponsor (approximately half of which will be funded by Infratil and half by the New Zealand Superannuation Fund).
Longroad Energy is owned by Infratil (45%) and the New Zealand Superannuation Fund (45%), in partnership with management (10%). Its focus is on utility-scale wind and solar energy development in the United States, one of the largest and fastest growing renewable energy markets in the world. The investment is managed on behalf of Infratil and the New Zealand Superannuation Fund by investment management firm Morrison & Co.
Any enquiries should be directed to:
Mark Flesher, Investor Relations, Infratil Limited firstname.lastname@example.org
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