Monadelphous (ASX:MND) joint venture Zenviron wins $80 million GE wind farm contract

Company News

by Kathy Skantzos

Zenviron, a Monadelphous (ASX:MND) joint venture, has won an $80 million contract with General Electric to build a wind farm in Victoria.

Stage 2 work on the in Murra Warra wind farm located 25km north of Horsham in western Victoria will commence immediately, with completion expected in March 2022.

The 209-megawatt wind farm will consist of 38 turbines to produce enough clean energy to power 150,000 homes and reduce carbon emissions by approximately 500,000 tonnes each year, as well as providing 200 jobs during its construction.

Zenviron General Manager Carl Keating commented that the company continues to grow with Australia’s renewable energy market, with the wind farm its ninth contract.

Shares in Monadelphous (ASX:MND) are trading 4.3 per cent lower at $8.53.

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.