AGL Energy (ASX:AGK) has signed a Heads of Agreement with Meridian Energy to explore the potential joint development of Australasia’s largest wind farm at Macarthur in south west Victoria.
AGL Managing Director Michael Fraser said “The wind farm at Macarthur will potentially be the largest wind farm development in Australia. With a permitted generating capacity of up to 450MW ? enough clean energy capacity to power approximately 250,000 average Australian households ? it would be built on one of the premier wind generation sites in Australia.
“The Heads of Agreement with Meridian Energy will bring together the key skills of both parties to determine the most favourable final generating capacity of the project,” Mr Fraser said.
Meridian Energy is New Zealand’s largest generator of electricity and is committed to using only renewable resources to generate electricity. Meridian Energy develops, owns and operates wind farms throughout New Zealand and also operates nine hydro power stations.
RWE Australian Business News
6 December 2007
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