AGL stated that Hallett-3 will have a capacity of up to 90MW and is located approximately 15km from the 95MW Brown Hill Hallett-1 wind farm and the 71MW Hallett Hill Hallett-2 wind farm, both under construction by AGL.
AGL anticipates that it will be in a position to make a final investment decision on the Hallett-3 project late in 2008. If the wind farm proceeds as planned, AGL will retain the flexibility to either fund the development on balance sheet or pursue a structured sale similar to that undertaken for the original Hallett-1 wind farm.
AGL noted that, if the Hallett-3 wind farm is completed, it could be operating approximately 164 wind turbines in South Australia with a combined capacity of more than 345MW by 2010.
Michael Fraser, AGL managing director, said: The proposed Hallett-3 wind farm will comprise around 30 turbines, with an installed capacity of up to 90MW. When fully operational we anticipate that it will generate enough renewable energy to power approximately 43,000 average Australian households and avoid up to 265,000 tonnes of CO2 emissions each year.
