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Windlab Advises Delay to Lakeland Financial Close

Windlab Limited (ASX Code:WND) advises that its exclusive equity investor for the Lakeland Wind Farm project, InfraRed Capital Partners of the UK(InfraRed), has withdrawn from the project, citing its inability to price risks associated with the project’s grid connection, including risk of network losses and risk of curtailment.

InfraRed’s exclusivity arrangement has been terminated and Windlab has re-engaged with alternative equity partners.

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