2024-11-05
http://w3.windfair.net/wind-energy/news/22149-australia-origin-announces-sale-of-cullerin-range-wind-farm

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Australia: Origin announces sale of Cullerin Range Wind Farm

Origin Energy Limited (Origin) today announced it had entered into a Share Sale Agreement with Energy Developments Pty Limited, a wholly owned subsidiary of DUET Group, for the sale of Cullerin Range Wind Farm Pty Ltd for a cash consideration of $72 million.

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

Under the terms of the transaction, Origin has entered into a long-term offtake agreement with Cullerin Range Wind Farm Pty Ltd.

The sale of Cullerin Range Wind Farm forms part of Origin’s $800 million asset divestment program announced in September 2015. The sale is subject to standard conditions precedent. Upon completion of sale, the divestment program’s cumulative proceeds to date will total $468 million.

The planned sale of Cullerin Range Wind Farm represents a 11.6x FY2017 EBITDA multiple to Origin.

Source:
Origin Energy
Link:
www.originenergy.com.au/...



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