News

Conergy subsidiary EPURON signs Joint Venture Agreement with Macquarie Capital for Australia’s biggest wind farm

EPURON Pty Ltd, a subsidiary of the TecDax listed Conergy AG, and Macquarie Capital Group Pty Limited have signed a joint framework agreement for developing, financing and building Australia’s biggest wind farm in Silverton, far western New South Wales, Australia.

Between 400-500 wind turbines with an ultimate capacity of around 1,000 megawatt, the Silverton Wind Farm could cover 4.5% of the annual energy needs of New South Wales with environmentally-friendly electricity.

This will correspond to the power consumption of more than 400,000 households per year.

EPURON executive director Andrew Durran said Macquarie's financial backing was an important endorsement. “This joint venture brings together Macquarie Capital’s strength and experience in financing large scale infrastructure and EPURON’s worldwide expertise in wind power." "What the Macquarie involvement confirms is the fundamental viability of the project," he said.

Rob Sauer, chairman of EPURON Pty Ltd who has been appointed chairman of the joint venture added: "We are entering an exciting new phase of the development of renewable energy for Australia - and, together with Macquarie Capital, we will be well positioned to deliver excellent results from the Silverton project for all stakeholders, including the local community”.

The project for building Australia’s largest wind park is currently in the planning stages, and is expected to submit a development application to the New South Wales Department of Planning in 2008.

For further information about this exciting project please contact:

EPURON Pty Ltd
Dana Hughes - Public Relations
Ph: 0407 772 579
Email: d.hughes@conergy.com.au
www.epuron.com.au

About Conergy
Since its founding in 1998, Hamburg-based Conergy AG has sold more than a gigawatt in renewable energy, making it one of the biggest suppliers of solar energy and other renewable energies, and a world leader in solar system integration. Of the one gigawatt in renewable energies, Conergy has installed more than 400 megawatts in its major projects, Of the total one gigawatt, 200 megawatts falls to its wind energy park projects and 800 to its globally marketed solar modules. Calculative one in ten modules worldwide was produced, sold or installed by Conergy. Listed on the Frankfurt Stock Exchange since 2005, the group pursues a global growth strategy, The company now produces, installs and designs solar power systems and wind turbines in around 15 countries. The Conergy Group is represented with its own branches on four continents.

Conergy Australia is a key player in the Australian renewable energy market, manufacturing and supplying high efficiency solar hot water, solar power and small wind power solutions. With an Australia-wide distribution network, state sales offices and warehousing in 4 key locations around the continent as well as in-house dedicated renewable energy engineers and sales teams, the company has become an important part of the Australian industry since it began operations here in 2005.

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