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Korea - Toyota Tsusho-Tepco venture buys AGL Wind Farm

Eurus Energy Holdings Corp a renewable energy venture of Toyota Tsusho Corp and Tokyo Electric Power Co completed the purchase of AGL Energy Ltd’s Hallett 5 wind farm for AUD 174 million (USD 174 million). Ms Mitsue Usami a spokeswoman for the Japanese company said that the acquisition is the first for Eurus Energy in Australia,

AGL said in a statement that the 53 megawatt wind farm in South Australia is already operational and has 25 turbines made by Suzlon Energy Ltd. Eurus has existing wind and solar projects in the US, South Korea, Europe and Japan.

Source - Bloomberg

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