Qatar's Nebras Power buys 49% stake in Australian wind farm

The wind farm will have 149 wind turbines with a combined capacity of 527MW.

Qatar-based Nebras Power has acquired a 49% equity stake in Stockyard Hill Wind Farm in Australia, according to a press release.

Its wholly owned affiliate Nebras Power Investment Management (NPIM) completed a transaction with Goldwind Stockyard Hill Wind Farm Limited, a wholly owned Hong Kong affiliate of Xinjiang Goldwind Science & Technology.

Goldwind, through its Hong Kong affiliates, will retain the remaining 51% stake in Stockyard Hill Wind Farm.

Located 35 km west of Ballarat in Victoria, Stockyard Hill Wind Farm will have 149 wind turbines with a combined capacity of 527 MW. The wind farm is set to be the biggest in the southern hemisphere, upon completion in early Q4 2020.