Aus & NZ: Whitehelm buys AGL assets

23 April 2018 - 12:00 am UTC

UPDATE: Paragraph two has been updated on 24 April to include details of the Whitehelm-led consortium, Sustainable Energy Infrastructure.

Whitehelm Capital has bought 18 small generation assets across Australia from AGL Energy for an undisclosed sum, AGL announced on Monday (23 April).

The assets bought by Whitehelm-managed Sustainable Energy Infrastructure – owned by MTAA Super and Commonwealth Bank Group Super – include landfill gas, biogas, biomass generation and cogeneration and compressed natural gas refuelling totalling 81MW.

AGL appointed Rothschild late last year to seek buyers for 85MW of largely generation assets. 

The listed gentailer had classified 20 so-called “National Assets” within its group operations as non-core assets for sale in its 2017 annual report.

AGL said in a statement the National Assets had a carrying value of AUD 74m (USD 56.7m) as of 31 December 2017. 

The assets are:

  • Two co-generation plants at Qenos in Victoria and Coopers Brewery, South Australia;
  • One biomass plant at the Isis sugar refinery in Queensland;
  • One biogas plant at Melbourne Water’s Werribee Sewerage Treatment Plant in Victoria;
  • One solar/diesel plant at Wilpena Pound Resort in South Australia;
  • One coal seam methane generation plant at Moranbah in Queensland;
  • Eight landfill sites (six generating, two flares). Four of these are in NSW, two in Tasmania and two in Western Australia;
  • Six compressed natural gas refuelling stations. Four of these are in NSW, one is in Victoria and one is in Queensland.