AGL wind agreement

Age
Friday 7/12/2007 Page: 4

AGL Energy has agreed with New Zealand's Meridian Energy on the possible development of what would be the largest wind energy project in either Australia or New Zealand. The proposed wind farm at Macarthur, in south-west Victoria, would have a capacity of as much as 450 megawatts - enough to power about 250,000 homes, AGL said in a statement to the stock exchange. If this project is built, AGL will have more than 1000MW of wind generation.

The Australian Government wants 20% of all power to come from renewable sources by 2020. "If the Macarthur wind farm goes ahead, it will make a significant contribution to AGL's requirement to meet the Federal Government's expanded Mandatory Renewable Energy Target scheme," AGL boss Michael Fraser said.