Palisade, Northleaf invest in Australian wind farm
Palisade Investment Partners and Northleaf Capital Partners have refinanced and bought a 75% interest in an Australian wind farm from EnergyAustralia, a subsidiary of Hong Kong-listed CLP Holdings. The seller will realize proceeds of A$228 million ($228 million) and retain a 25% interest in the business.
The 37-turbine Waterloo wind farm is located near Clare, South Australia, and has a capacity of 111 megawatts. EnergyAustralia has signed a long-term contract to provide asset management services to the...
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