AGL collects $88m from SA wind farm sale

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AGL collects $88m from SA wind farm sale

Postby HVPA_research » Fri Oct 02, 2009 9:48 pm

A recent article in The Bull reports that
AGL Energy Ltd says it will receive $88 million from the sale of the Hallett 4 wind farm in South Australia.
AGL said on Thursday it had reached a sale agreement with the Energy Infrastructure Investments (EII) consortium, comprising Japan's Marubeni Corporation and Osaka Gas, and Australia's APA Group.

Under the terms of the transaction, EII will fund all remaining development and construction costs, while AGL will buy the electricity and renewable energy certificates and electricity from the wind farm until 2036.
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