Yanco Delta is in the
The wind farm development is located on a 33,000 hectare site 10 kms north-west of Jerilderie in the Riverina district. The project has received both New South Wales Government development approval (
Origin CEO
'Origin has made rapid progress in building out a portfolio of renewable and storage projects at varying stages of development, and Yanco Delta represents a unique opportunity to bring a material volume of renewable energy supply into the market relatively quickly, to help meet the needs of our customers.
'Strategically located in the South West REZ, Yanco Delta is a quality wind resource that provides benefits of scale. We look forward to working closely with the local community and other stakeholders and bringing Origin's expertise and track record in developing large scale energy projects to progress this project to construction,'
Completion of the acquisition of Yanco Delta is subject to conditions which are typical for transactions of this nature. The purchase price and development expenditure prior to commencement of construction will be funded from Origin's corporate debt facilities. The consideration consists of an upfront payment of
Consistent with the company's approach of developing construction ready renewable projects suitable for third-party investment, Origin will assess a range of capital efficient options available to finance construction of the project, including through partnerships with capital providers. In addition, Origin intends to contract for all, or most of the offtake from the wind farm, to support the energy needs of customers.
Origin's portfolio of renewable and storage projects includes Walcha Energy's proposed
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