The Macarthur wind farm is expected to be completed in early 2013. It will be constructed by a Vestas/Leighton Contractors consortium and comprises 140 Vestas V112-3.0MW turbine generators.
AGL and Meridian will each fund 50% of the capital cost of constructing the wind farm. AGL will fund its share of the cost and the costs associated with the construction of a substation at Tarrone from its existing balance sheet capacity. It will have 100% ownership of the substation, which will enable the future development of a gas-fired power station.
Once operational, the wind farm will have the capacity to power more than 220,000 average Victorian homes and abate more than 1.7 million tonnes of greenhouse gases every year. AGL will acquire all of the farm’s energy output and renewable energy certificates.
