By Gillian Tan
SYDNEY--Origin Energy Ltd. (ORG.AU) has received expressions of
interest from three consortiums for the estimated 900 million
Australian dollar (US$926 million) sale of its Stockyard Hill Wind
Farm, people familiar with the matter said Wednesday.
The three groups are General Electric Co. (GE) and Downer EDI
Ltd. (DOW.AU), Leighton Holdings Ltd. (LEI.AU) and Suzlon Energy
Ltd. (532667.MY, 5SZ1.DE) subsidiary REpower Australia, Xinjiang
Goldwind Science & Technology. Co (002202.SZ, 2208.HK) and
China Three Gorges New Energy Corporation, the people said.
The sale entails the outright purchase of the project which
includes the development and construction of 157 wind turbines in
Australia's Victoria state as well as a power purchase agreement,
the people said.
In May, The Wall Street Journal first reported that Origin was
seeking proposals from parties interested in supplying wind
turbines, constructing the wind farm, providing equity for the wind
farm's development or buying the project in its entirety.
Each party involved in a consortium has expertise in the
renewable space. Downer EDI was recently awarded an A$70 million
contract by Meridian Energy Australia to work on its 64-turbine Mt
Mercer Wind Farm in Australia's Victoria state while Repower has
installed more than 3,600 wind turbines in more than 20 countries,
including some in Australia for Origin Energy, AGL Energy Ltd.
(AGK.AU) and Infigen Energy (IFN.AU).
Write to Gillian Tan at gillian.tan@wsj.com
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