AGL Energy Limited (AGL) notes an article in today’s newspaper “The Australian” stating that it is close to finalising the sale of its 50 percent participating interest in the 420 MW Macarthur Wind Farm. AGL confirms that it is close to finalising the sale process. As previously announced to the market the sale proceeds are expected to be equal to the book value of the asset and therefore no profit or loss on sale will be recorded.
AGL is one of Australia’s leading integrated energy companies. It is taking action to responsibly reduce its greenhouse gas emissions while providing secure and affordable energy to its customers. Drawing on over 175 years of experience, AGL serves its customers throughout eastern Australia with meeting their energy requirements, including gas, electricity, solar PV and related products and services. AGL has a diverse power generation portfolio including base, peaking and intermediate generation plants, spread across traditional thermal generation as well as renewable sources including hydro, wind, solar, landfill gas and biomass.