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News: DUE Origin Energy announces sale of Cullerin range wind farm

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    17/06/16
    09:42
    Post #: 18054189

    June 17 (Reuters) - Origin Energy Ltd (ORG) :

    • Org announces sale of Cullerin Range wind farm (ORG)
    • Entered into a share sale agreement with Energy Developments Pty Limited
    • Deal for for a cash consideration of $72 million
    • Origin has entered into a long-term offtake agreement with Cullerin Range

      Wind Farm Pty Ltd

    • Upon completion of sale, the divestment program's cumulative proceeds to date

      will total $468 million

    • Planned sale of Cullerin range wind farm represents a 11.6x FY 2017 EBITDA

      multiple to Origin

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