Wind energy in Australia: AGL sells 53 MW wind farm to Japan’s Eurus

AGL Energy Ltd has sold its Hallett 5 wind farm to Eurus Energy for an undisclosed amount, the company announced in a statement.

The energy group expects to realise a development fee of $30 million from the transaction in fiscal 2012.

AGL confirmed that it will continue to operate and maintain the wind power facility, and will buy all of the electricity and large-scale generation certificates (LGC’s) produced by the facility until 2036.