AGL Energy Limited (AGL) has announced it has reached financial close on the sale to the Powering Australian Renewables Fund (PARF) of the 453 MW Coopers Gap Wind Farm project at Cooranga North, approximately 250 kilometres north west of Brisbane.
AGL anticipates the total development investment associated with the Coopers Gap project will be approximately $850 million, funded through a combination of PARF partners’ equity and a lending group comprising several banks. AGL has named a joint venture consisting of GE and Catcon as the successful tenderer for the engineering procurement contract. AGL and GE/Catcon will develop the wind farm with full operation targeted by the middle of the 2019 calendar year.