Toyota Tsusho-Tepco Venture Buys AGL Wind Farm for A$174 Million

Eurus Energy Holdings Corp., a renewable energy venture of Toyota Tsusho Corp. (8015) and Tokyo Electric Power Co., completed the purchase of AGL Energy Ltd. (AGK)’s Hallett 5 wind farm for A$174 million ($174 million).

The acquisition is the first for Eurus Energy in Australia, Mitsue Usami, a spokeswoman for the Japanese company, said today by phone.

The 53-megawatt wind farm in South Australia is already operational and has 25 turbines made by Suzlon Energy Ltd. (SUEL), AGL said today in a statement. Eurus has existing wind and solar projects in the U.S., South Korea, Europe and Japan.

To contact the reporter on this story: Chisaki Watanabe in Tokyo at cwatanabe5@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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