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BRIEF-Gas Natural's GPG wins contract for 91 MW wind farm in Australia

Published 23/08/2016, 03:24 pm
BRIEF-Gas Natural's GPG wins contract for 91 MW wind farm in Australia
NTGY
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Aug 23 (Reuters) - Gas Natural SDG SA GAS.MC :

* Says Global Power Generation (GPG) has secured a 20 year term Feed-in Tariff for 91 MW in the Crookwell 2 wind farm project to be built in the state of New South Wales, in the Australian Capital Region (ACR)

* The award was announced by the Government of the Australian Capital Territory (ACT) in accordance with the provisions of its Next Generation Renewables Auction launched on April 1

* GPG will invest over AUD 177 million (about EUR 120 million) to build the Crookwell 2 Wind Farm and associated investments in the ACT, and plans to start operations during the second half of 2018

* This will be the first investment of GPG in Australia and the Asia-Pacific region

* GPG is 75 percent owned by Gas Natural, the remaining 25 percent ownership being held by the Kuwait Investment Authority (KIA)

Further company coverage: GAS.MC

(Gdynia Newsroom)

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