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Renewable Energy:
Miaoli Wind (formerly infraVest Wind)

 
Investment Description
Date of acquisition 20 March 2008
Cost of acquisition S$30.8 million
Valuation(1) S$0.0 million
Distribution since acquisition S$0.4 million
MIIF’s ownership 100% interest
% of MIIF portfolio 0.0%
  1. Based on 30 June valuations.

Asset overview

Miaoli Wind owns and operates 25 wind turbines with a combined capacity of 49.8MW, at two sites in Miaoli County, Taiwan. Miaoli Wind generates revenue by selling its entire energy production to Taipower under a 15 year fixed tariff PPA (one agreement per wind farm site) with an option to extend each PPA for an additional five years. The fixed tariff is NT$2.00 / kWh.

Financial highlights for the
six months ended 30 June
NT$m 2010 2009 Variance Fav/(Adv)(1)
Revenue 116.7 127.1 (8.2%)
EBITDA 88.6 96.8 (8.5%)
EBITDA margin 75.9% 76.2% (0.3%)
Distributions to MIIF (S$m) - - -
  1. Favourable/(Adverse)

Investment portfolio
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E: miif@macquarie.com
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