The Wild Cattle Hill Wind Farm Project in Australia achieved financing closure

 On April 11, 2019, Wild Cattle Hill Pty Ltd received the first loan of A$52 million from a syndicate of ICBC Sydney Branch, Westpac Banking Corporation and Australia And New Zealand Banking Group Limited, which marked the smooth closure of the financing of the Wild Cattle Hill Wind Farm Project. The project is the first investment project of POWERCHINA in developed countries.

Among the four largest Australian banks, Westpac Banking Corporation and Australia And New Zealand Banking Group Limited provide loan funds for the project, which helps the company to build a good reputation in the Australian financing market.

The financing closure not only guarantees the project construction fund demand, but also strengthens the company's confidence in the follow-up business development in Australia. At the same time, the smooth implementation of the Wild Cattle Hill Wind Farm Project financing also marks that the company has made new breakthroughs in constant financing innovation.