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.
