Origin Energy To Buy Three Wind Power Projects From Epuron

Dow Jones Newswires
22/01/2008 Business & Finance

MELBOURNE (Dow Jones)--Origin Energy Ltd. (ORG.AU) said Tuesday it will buy the rights to develop three wind farms in the Australian state of New South Wales from wind generation developer Epuron for an undisclosed sum. Origin Energy said it will acquire the rights for three projects with up to 590 megawatts of generating capacity, including the Cullerin project west of Goulburn, which is expected to start commissioning in 2009.

The pair have also entered into a strategic relationship with an option for another 500 megawatts of Epuron wind generation sites. "Origin Energy now has the option over a strategic and economically competitive pipeline of wind projects, which Epuron has identified, mainly in NSW," Origin Energy Chief Operating Officer Karen Moses said in a statement.