viewBoom Logistics Limited

Boom Logistics wins wind farm contract with Goldwin Australia in Tasmania

Forty-eight wind turbine generators have been installed at the Cattle Hill Wind Farm in Tasmania, bringing the company closer to achieving its $30-million wind farm revenue for financial year 2019.

The project is on the eastern shore of Lake Echo in Tasmania

Boom Logistics Limited (ASX:BOL) has won a wind farm construction contract with Goldwind Australia to undertake the installation of 48 wind turbine generators (WTG) at Cattle Hill in Tasmania.

The installation will include the lifting, mechanical and electrical installation of the generators as Boom embarks on its first contract with the company.

Boom is mobilising eight cranes to Tasmania, including two 750-tonne capacity cranes to lift 3 mega watts Goldwind turbines to a hub height of 100 metres.

“A total lifting service”

Boom Logistics chief executive officer Tony Spassopoulos said: “We are delighted and proud to have been given the opportunity to work with Goldwind Australia and provide the best possible crane lifting solution on this important wind farm construction project.

“Our contract is a total lifting service that includes cranes, rigging, engineering, mechanical, electrical and project management on site.

“We are pleased to be delivering on our strategy to strengthen our market position in the wind farm sector and to also work with Goldwind Australia to further build on our partnership.”

GE Coopers Gap Project

The company is also working on a wind farm construction project with GE at Coopers Gap in Queensland, which includes the installation of 56 WTGs.

The project is expected to generate around $16 – 16 million in revenue.

$390 million sales pipeline

The wind farm sector remains an exciting growth opportunity for Boom with a sales pipeline of $390 million over the next two years.

Spassopoulos added: “The renewable energy market is thriving as we continue to expand our wind farm business projects, demonstrating our cabability as the leading Australian crane lifting solutions provider.”

- Jessica Cummins 

Quick facts: Boom Logistics Limited

Price: 0.16 AUD

Market: ASX
Market Cap: $68.44 m

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