Just three months after Origin Energy stunned the renewables industry with a record low power off-take deal for the 530MW Stockyard Hill Wind Farm in Victoria, AGL Energy has delivered more of the same, securing an off-take price of below $60/MWh through the sale of its 453MW Coopers Gap Wind Farm, between Kingaroy and Dalby in Queensland’s south-east.
AGL said on Thursday it had reached financial close on the Sunshine State wind farm – which will be one of Australia’s biggest, once completed in 2019 – with the $22 million sale of the project to the Powering Australian Renewables Fund.
The deal includes AGL writing a PPA for electricity and associated renewable energy certificates of less than $60/MWh for an initial five years, with an option to extend the agreement for another five years at the same – or even lower – price.
In a media statement, AGL said it expected the project to cost …
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