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Staff Reporter

, Thailand

Published:

1 month ago

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Courtesy: EGCO

EGCO divests in 113 MW Australian wind farm

This will strengthen cash flow and fund new investments.

Thailand’s Electricity Generating Public Company Limited (EGCO) has sold its entire stake in Boco Rock Wind Farm Pty Ltd that holds a 113-megawatt wind farm in New South Wales, Australia.

In a statement, EGCO President Jiraporn Sirikum said Millennium Energy B.V., a wholly owned subsidiary of the group, entered into a sale and purchase agreement with Tilt Renewables on 31 January to dispose of 100% interest in the wind farm. Proceeds from the transaction will strengthen the company’s cash flow and be used for new investment opportunities.

The transaction is expected to close in the first quarter of 2025 subject to relevant regulatory approvals.

The 113-MW wind farm commenced commercial operation in November 2014. It operates and generates electricity under a 15-year power purchase agreement with EnergyAustralia Pty Ltd.

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