EPURON announces sale of 3 wind projects

Sydney, 22 January 2008: EPURON Pty Ltd today announced it has agreed to sell three of its wind power generation projects to electricity retailer, Origin Energy. The three projects, all located in New South Wales, have development consent to produce up to 30MW of electricity each.

Sydney, 22 January 2008: EPURON Pty Ltd today announced it has agreed to sell three of its wind power generation projects to electricity retailer, Origin Energy. The three projects, all located in New South Wales, have development consent to produce up to 30MW of electricity each.


The Cullerin Range wind farm project is located west of Goulburn and will comprise 15 wind turbines to generate up to 30MW of energy. Origin expects to commission the wind farm in 2009.

When fully operational, Cullerin Range will save more than 100,000 tonnes of carbon annually or provide enough renewable electricity to power almost 15,000 typical homes in NSW.

Under the agreement Origin Energy also acquired rights to the proposed Conroy's Gap and Snowy Plains wind farms in southern NSW.

Each wind farm project once in operation will help to meet the growing electricity demand in NSW with zero emissions of greenhouse gas and zero water consumption.

"We are very pleased to announce this significant milestone for our company" said EPURON Executive Director Andrew Durran. "These sites are among the best in NSW with excellent wind resources and access to existing power lines".

Origin Chief Operating Officer, Karen Moses said "The EPURON deal will see Origin build its own wind facilities for the first time, deepening integration in this area".

In addition to the sale of the three projects, EPURON has entered into a strategic relationship agreement with Origin Energy providing an option for development of a further 500MW of EPURON sites.


About EPURON
EPURON GmbH is one of the world's leading project development and structured financing companies in the renewable energy sector. The company develops finances and implements solar and wind farms and solar thermal power stations. Since its foundation in 1998, EPURON has financed and implemented over 70 large-scale projects with an investment volume of over 640 million euros. Its clients include institutional and private investors around the globe. EPURON has branches in twelve countries on five continents. EPURON is a member of the listed company Conergy AG, the world's market leader in solar power systems.

EPURON Pty Ltd was founded 2003 and is based in North Sydney. The company is working on several wind farm projects in New South Wales which are at various stages of development. EPURON owns and operates one of the largest networks of wind monitoring masts in New South Wales, providing an enhanced understanding of the wind resource around the state.


About Origin
Origin is the Ethical Investor 2007 Sustainable Company of the Year and one of Australasia's leading integrated energy companies focused on gas and oil exploration and production, power generation and energy retailing. Listed in the ASX top 50, with a market capitalisation of around $7.5 billion, Origin is both a producer and retailer of energy. Our strengths come from our integration across the supply chain, from exploration and production to the supply of energy to over 3 million customer accounts. Origin's portfolio of assets together with our 3,500 employees, provide flexibility, stability and significant opportunities for growth in the ever changing energy industry. Origin Energy is also the major shareholder in New Zealand's Contact Energy.

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