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AGL aquires Investec wind farm development projects for $14 million


Published Dec 10, 2008
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AGL Energy - wind farm-2

AGL Energy Limited (AGL) has acquired two wind farm development projects from Investec Wind Holdings Pty Ltd (Investec).

Under the agreement, AGL will acquire two of Investec’s development projects in Queensland and Victoria for $14 million.

AGL Managing Director Michael Fraser said the transaction was consistent with AGL’s strategy of developing a diverse pipeline of renewable projects to meet its long-term obligations under the expanded Renewable Energy Target (RET) scheme.

“There is going to be high demand for projects to meet the Federal government’s expanded Renewable Energy Target and this transaction is consistent with our strategy of acquiring a pipeline of projects that will be at the bottom end of the cost curve and benefit from future uplifts in pricing,” Mr Fraser added.

Tags: AGL Energy Limited, Investec Wind Holdings Pty Ltd



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