Origin to sell wind farm

Jessica Dickers June 20, 2016 Company news, Electricity, News, People and appointments, Renewable Energy, Retail 0

Origin Energy has announced the sale of its Cullerin Range Wind Farm to Energy Developments for $72 million.

Cullerin Range Wind Farm is a 30MW generator supplying electricity into the New South Wales market.

Origin has entered into a share sale agreement with Energy Developments, a wholly owned subsidiary of DUET Group, for the sale of Cullerin Range Wind Farm.

Under the terms of the transaction, Origin has entered into a long-term off-take agreement with the wind farm.

The sale of forms part of Origin’s $800 million asset divestment program announced in September 2015.

The sale is subject to standard conditions precedent but after the completion of the sale, the divestment program’s cumulative proceeds to date will total $468 million.

Jessica Dickers

Jessica Dickers is an experienced journalist, editor and content creator who is currently the Editor of Utility’s sister publication, Infrastructure. With a strong writing background, Jessica has experience in journalism, editing, print production, content marketing, event program creation, PR and editorial management. Her favourite part of her role as editor is collaborating with the sector to put together the best industry-leading content for the audience.