Origin Energy Limited
(ASX:ORG) has announced it has entered into a Share Sale Agreement with Energy Developments Pty Limited for the sale of its Cullerin Range Wind Farm.
Origin will sell Cullerin to the DUET Group subsidiary for $72 million, and is part of its ongoing $800 million asset divestment program.
On completion of the sale, the divestment program’s cumulative proceeds to date will hit $468 million.
Under the terms of the transaction, Origin has entered into a long-term offtake agreement with the wind farm.
Origin Energy Limited reported a net loss of $243 million at 31 December 2015.
