Australia

Australia

Queensland government in wind farm assets sale

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The Queensland government has raked in A$460.4 million from the sale of its wind farm assets, which comprised four operational wind farms, a 50% stake in another, and development rights to a wind portfolio of up to 1200 MW. The money raised from the sale will go to the Queensland Climate Change Fund. The assets, previously owned by the state's Tarong Energy Corporation and Stanwell Corporation, were sold to Transfield Services Infrastructure Ltd. The operational plant comprises Tarong's 70 MW Mt Millar and 34.5 MW Starfish Hill wind farms, both in South Australia, Stanwell's 12 MW Windy Hill project in Queensland and the 21 MW Toora wind farm in Victoria. In addition, Transfield acquires Stanwell's 50% stake in the 70.2 MW Emu Downs wind farm in Western Australia.

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