By Giulia Petroni
Naturgy Energy Group SA said Friday that it has signed a power purchase agreement with Telstra Corp. to build a 58-megawatt wind farm in New South Wales, Australia.
The Spanish energy company said construction works should start in the last quarter of the year and the farm, called Crookwell 3, is expected to be operational in the first half of 2023.
Naturgy signed the agreement through its subsidiary Global Power Generation, which will invest around 120 million Australian dollars ($92.9 million) to develop the project.
The farm is set to generate enough energy to power an equivalent of 40,000 households.
Write to Giulia Petroni at email@example.com
Corrections & Amplifications
This article was corrected at 1149 GMT because the original incorrectly said that the company signed an agreement to build a 58 gigawatt wind farm in the headline. Naturgy signs PPA to build 58-megawatt wind farm.
(END) Dow Jones Newswires