Hydro Tasmania and Shenhua Clean Energy of China have secured A$280mn for the Musselroe wind farm project.

The funding is part of an overall A$394mn debt/equity package and will be used to complete the construction of the project, which is due to be fully operational in July 2013.

The lead arranger and bookrunner was National Australia Bank (NAB). Danish export credit agency EKF contributed A$140mn of the debt on an 18-year tenor. Another A$140mn was financed by NAB, Sumitomo Mitsui Banking Corporation, Bank of China, Industrial and Commercial Bank of China and Credit Industriel et Commercial, with a tenor of five years.