The company believes that Hallett Hill is a superior location for wind generation. In addition to one of the best wind resources on mainland Australia, its proximity to the Brown Hill wind farm will provide significant opportunities for operating efficiencies and synergies.
Hallett Hill is forecasted to have a total development cost of approximately $166 million over 24 months, of which $40 million is forecasted to be incurred over the remainder of fiscal 2008. The project is expected to come online by November 2009.
Michael Fraser, AGL’s managing director, said This project reinforces the leadership position we are taking in Australia’s renewable energy sector. On completion, Hallett Hill will extend AGL’s renewable generation portfolio to approximately 1,000MW, Australia’s largest privately owned and operated renewable portfolio.
