The Clean Energy Finance Corporation (CEFC) and specialist infrastructure debt investment manager Westbourne Capital have committed $160 million in finance to construct stage two of Nexif Energy’s Lincoln Gap Wind Farm in South Australia.

Construction begins on 212MW wind farm and storage project in S.A.

The first sod on the Lincoln Gap wind farm has been turned – a project set to bring vital jobs to both Whyalla and Port Augusta.

Today marked the start of the renewable energy project’s first phase of construction.

Construction begins on 212MW wind farm and storage project in S.A.

Work has officially begun on the 212MW Lincoln Gap wind farm and 10MW battery storage project in South Australia, adding to the host of new renewable energy and storage developments around the industrial centres of Whyalla and Port Augusta.

Nexif Energy is approved to invest 80 MW in Vietnam.

The Ben Tre People’s Committee has officially approved the proposal of Nexif Energy to develop a wind power project with the capacity of 80 MW in Thanh Hai commune, Thanh Phu district.

Bến Tre approves Nexif Energy’s wind power project

The People’s Committee of Bến Tre Province has approved the proposal of Nexif Energy, an independent power producer in Asia and Australia, to develop a wind power project with 80MW capacity in the southern locality.

Nexif Energy seeks investment opportunities in Soc Trang province

STO – On the morning of December 13, Chairman of Soc Trang Provincial People’s Committee Tran Van Chuyen and other concerned units had a working session with the delegation of Nexif Energy Company (Singapore) to exchange information on developing projects on wind power in Soc Trang province.

According to the plan to 2030, in the first phase, the province will develop wind power projects in 13 locations with a potential capacity of 1,155 MW. Phase 2, planning to develop wind power at 11 locations with a total capacity of 315MW. At present, the province has issued guidelines for 2 investors.

Chairman of the Provincial People’s Committee Cao Van Trong worked with wind power investors

On the afternoon of 01/8/2017, Chairman of the Provincial People’s Committee Cao Van Trong had a meeting with investors of Nexif Energy Management Pte. Ltd (Singapore) on investment in wind power projects in Ben Tre.

Chairman of the People’s Committee of Cao Van Trong province received Mr. Enamul Latifi, Executive Vice President – Nexif Energy Project Development

On the morning of January 12th, 1977, at the office of the provincial People’s Committee, Chairman of the People’s Committee of Cao Van Trong province had a meeting with Mr. Enamul Latifi, Executive Vice President – Public Sector Development Nexif Energy (Singapore) to learn investment opportunities in Ben Tre.

Sydney-based OneWind Australia, a Denham Capital-backed company, has transferred management of the Lincoln Gap and Glen Innes wind projects to a second Denham-backed company, Singapore-based Nexif Energy.

Lincoln Gap in South Australia is scheduled to have 59 turbines, which could collectively generate between 150 MW and 177 MW, according to OneWind’s website.

Glen Innes in New South Wales is scheduled to be a 75 MW wind farm.

“To accelerate development of our OneWind Australia projects Lincoln Gap and Glen Innes, we have tasked Nexif to undertake management of the projects, expanding the execution capabilities of the existing OneWind Australia team,” said Saurabh Anand, director at Denham Capital, in an emailed statement.

“Nexif is well-located geographically to bring expertise and efficiency to the projects. We’re excited about this transition and the value the projects will bring to Australia in the near future, particularly with the recent positive changes in the Australian power renewable market.”

OneWind was formed in 2013 after Denham agreed to invest $75 million of equity in a 1 GW portfolio of Australian wind power projects.

Denham co-invested with the portfolio’s other sponsors, Enersis Australia, National Power and Kato Capital, to create OneWind.

They were to have developed Glen Innes, a 100 MW project in New South Wales, Lincoln Gap, a 250 MW project in South Australia, and Cattle Hill, a 240 MW development in Tasmania.

Lincoln Gap and Glen Innes appear to have been downsized since then, according to the OneWind website.

At the time, the partners aimed to achieve financial close on several phases in 2013 or in 2014.

None of OneWind’s power projects had power purchase agreements and they have not been able to negotiate them over the last two years.

In August, Denham committed $200 million to Nexif Energy, a Singapore-based independent power management company managed by former AES employees.

Nearly all Australian wind projects have been held up over the last few years by the hostile approach of the Liberal government to renewables. That changed earlier this year when a new Renewable Energy Target was agreed between the government and the Labor opposition.

Since then, Malcolm Turnbull has taken over as Australian prime minister from Tony Abbott, bringing in an executive that is widely viewed as more renewable energy friendly.

Both Lincoln Gap and Glen Innes could be eligible to bid into the Australian Capital Territory’s second 200 MW wind tender, which is currently ongoing.

Denham Capital, a leading global energy-focused private equity firm, and Nexif, a Singapore-based independent power management company, announced today a partnership to develop, finance, construct and opportunistically acquire conventional and renewable power generation assets across Southeast Asia. The platform marks a return to the region for Denham and builds upon Nexif’s strong experience and relationship base.

Singapore-based Nexif Energy, a Southeast Asian independent power producer, has acquired a majority ownership of Viet Hydro Pte Ltd. With this deal, Nexif also gains controlling interest in Viet Hydro’s 30 MW Coc San power project in Vietnam, marking the first project under the Nexif platform which was formed in August 2015.