AGL Energy Limited (AGL) has announced it has sold the 53MW Hallett 5 Wind Farm to Eurus Energy, and will realise a development fee of AUS$ 30 million from the transaction in FY2012. The facility is already operational, with practical completion having been achieved in late March 2012.
AGL will continue to operate and maintain the facility, as well as retain the rights to all Large-scale generation certificates (LGCs) and electricity output until 2036. The Hallett 5 Wind Farm was constructed by Suzlon under a fixed price turnkey contract utilising 24 Suzlon S88v3A turbines and one new model s97 turbine. Using a transaction structure similar to that previously used for the other Hallett wind farm sales, AGL will buy all of the electricity and LGCs produced by the facility as well as operate and maintain the facility under long term arrangements. Similar to the Oaklands Hill Wind Farm sale, Eurus Energy will share wind volume risk within a 'collar' of energy volumes.The sale recoups AGL’s development costs incurred to date of approximately AUS$ 129 million.
AGL will continue to operate and maintain the facility, as well as retain the rights to all Large-scale generation certificates (LGCs) and electricity output until 2036. The Hallett 5 Wind Farm was constructed by Suzlon under a fixed price turnkey contract utilising 24 Suzlon S88v3A turbines and one new model s97 turbine. Using a transaction structure similar to that previously used for the other Hallett wind farm sales, AGL will buy all of the electricity and LGCs produced by the facility as well as operate and maintain the facility under long term arrangements. Similar to the Oaklands Hill Wind Farm sale, Eurus Energy will share wind volume risk within a 'collar' of energy volumes.The sale recoups AGL’s development costs incurred to date of approximately AUS$ 129 million.
