January 7, 2008 (SMH.com) – In a coup for the renewable energy industry, Macquarie Bank has entered a joint venture to build Australia’s biggest wind farm, near Broken Hill. The proposed farm at Silverton would generate enough energy to meet 4.5 per cent of the state’s needs, or power more than 400,000 households, said Epuron, the company behind the plan.
Epuron, a subsidiary of German-listed renewables giant Conergy, will announce plans today to finance and build the $2 billion plant in concert with Macquarie Capital Group.
If a development proposal is approved by the NSW Government in March, construction of up to 500 turbines would begin early next year, and the farm could start producing power by late 2009, said Epuron’s executive director, Andrew Durran.
“As far as I know, it’s the biggest investment that Macquarie Bank has made in a wind farm in Australia,” Mr Durran said.