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Australia

Australia

Australian firms in joint development deal for national and international projects

Australian minerals exploration and development company Michelago will work together with ANZ Banking Group, through its Infrastructure Services division ANZIS, to develop wind power projects in Australia and overseas. They have already identified projects with a capital cost of more than A$500 million, says Brett Thomas of Michelago. "This group has positioned itself to be one of the dominant wind funding groups in Australia," he adds. Under the agreement struck between the companies last month, the two will pool their existing wind projects through the Wind Power Investment Trust, managed by ANZIS. Projects already in the pipeline include a 7 MW joint venture with CVC Reef located in South Western Victoria, a 30 MW wind farm in the Southern Highlands of New South Wales, which involves Pacific Power International, plus additional projects in Victoria, New South Wales and south eastern South Australia. ANZIS has existing interests in two Australian projects -- Tungketta Hill and Sheringa in South Australia with the potential of delivering 200 MW of wind, which will be developed in conjunction with Ausker Energies.

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