ASSET DESCRIPTION
- 100% ownership of Hallett I Wind Farm, located in South Australia
- 94.5MW, compromising 45 x 2.1MW turbines
- Long term offtake agreement with AGL over 25 years (to 2033) with options to renew subsequently
- Asset design life of 25 years+
- 100% equity interest
INVESTMENT FUNDAMENTALS
- Construction successfully completed in April 2008 and operating at scheduled capacity
- Effectively a finance lease with AGL (BBB rated)
- Scheduled revenue streams during offtake period
- Scheduled asset management payments to AGL during offtake term
- No wind or generation risk
KEY RISKS AND MITIGATION
- Revenue risk mitigated through offtake agreement
- Asset management agreement with AGL with monthly reporting and agreed annual and long term maintenance plan
- Refinancing risk eliminated through a fixed, full-tenor financing structure that aligns with the PPA maturity
Visit the Hallett Wind Farm website
