Australian gas transport giant diversifies into wind

Australia’s largest gas infrastructure business APA Group has announced it will acquire the 80 MW Emu Downs wind farm in Western Australia and development rights for an adjacent 130 MW site for A$171m ($180m).
The acquisition is underpinned by a 20-year revenue agreement.
APA plans to raise A$300m through an institutional placement to fund both this acquisition and its planned organic expansion of its energy infrastructure portfolio across Australia.
Emu Downs wind farm is an established wind farm that has been in operation since 2006.
APA has secured long-term revenue agreements for the total output of Emu Downs – both the electricity and Renewable Energy Certificates – for the remaining operating life of the asset, which is approximately 20 years.
The acquisition also includes wind farm development rights for a further 130 MW on adjacent land.
O&M services will be provided by Vestas under a comprehensive service and availability agreement.
For more Wind Power news click here.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...