TEPCO subsidiary acquires Australian wind farm

Tokyo Electric Power Company steps-up its move into renewable energy overseas.

Its RE subsidiary, Eurus Energy Holdings Corporation, has bought the Hallett 5 wind farm of AGL Energy Ltd. for US$174 million. The acquisition is the first for Eurus Energy in Australia.

The 53 megawatt wind farm in South Australia is operational and has 25 turbines made by the Indian firm, Suzlon Energy Ltd. Eurus has existing wind and solar projects in the U.S., South Korea, Europe and Japan.

Eurus Energy Holdings is a holding company of the Eurus Energy Group, Japan's largest wind power developer.

An Independent Power Producer with wind power and photovoltaic power projects in the United States, the United Kingdom, Italy, Spain, Norway, Japan, and South Korea, Eurus has a total capacity of 1,986.23 megawatts.

AGL Energy is the largest Australian gas and electricity retailer with over six million customers. It has large investments in the supply of gas and electricity, and has invested in sustainable energy businesses such as wind farms.