US private equity fund Denham Capital Management will inject $75 million in Australia’s wind power sector which has become cheaper than coal power generation. The firm invested in 1 GW of wind projects developed by Enersis Group’s Australia unit, National Power and Kato Capital Pty Ltd.’s wind unit OneWind Australia.
Bloomberg New Energy Finance recently published a report that showed that electricity can be produced from wind in Australia at $82 per MWh compared to $145 per MWh from a new coal-fired power plant.
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