Bidders have emerged for the wind farms being sold by Hydro Tasmania.

 

The Australian Financial Review has reported that the Deutsche Bank managed fund RREEF is a bidder, along with Marubeni and Mitsubishi of Japan and Samsung and Powertek.

 

State owned utility Hydro Tasmania is looking to sell up to 75 percent of two wind farms in the northwest of the island state: the 65 megawatt Bluff Point facility and another 75 megawatt farm at Studland Bay.

 

The move comes after the unwinding of the Roaring Forties wind farm joint venture with Hong Kong’s CLP earlier this year, in which Hydro took full ownership of the Tasmanian assets.

 

Any deal, which the company hopes to conclude by the end of the year, will produce funds will will go to develop the new 168 Musselroe wind project in Tasmania’s northeast. The financial partner in Bluff Point and Studland could also potentially become a partner at Musselroe.

 

“Musselroe is our top priority in terms of ongoing development and construction and we are in the process of finalising new construction contracts and choice of turbine suppliers,” Hydro chief executive Roy Adair said earlier this year.