Australian utility Origin Energy has agreed to acquire Virya Energy’s Yanco Delta project, which is due to consist of a 1.5GW wind farm coupled with 800MWh of battery storage.
Yanco Delta is planned for a site in New South Wales close to existing transmission infrastructure. It has been approved by the state and federal governments.
Origin will initially pay A$125 million (US$80 million) for the project, and then up to A$175 million “conditional on the project achieving certain development milestones”.
It intends to buy all, or most of, the wind farm’s output.
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