Sale of Pilbara assets to APA Group
Alinta Energy is pleased to confirm it has entered into arrangements with APA Group (ASX:APA) to progress the sale of 100% of its Pilbara assets. Completion of the sale is subject to meeting certain conditions precedent and is expected to occur in Q4 2023.
At completion, the sale strengthens Alinta Energy’s capacity to jointly fund and deliver its ambitious renewables and storage projects – including the 1 GW Spinifex offshore wind project in Portland, Victoria, and 900 MW Oven Mountain Pumped Hydro project in New South Wales.
Alinta Energy MD & CEO Jeff Dimery said he was proud of the Pilbara assets, employees and the legacy created through the investments to date.
“We had a long-term vision and plan to decarbonise the Pilbara, which is well underway and underpinned by the strong renewables and emissions reductions targets of our customers and partners in the region.
“We congratulate APA for buying in to that vision, and we thank our employees and partners who helped us to deliver Australia’s first grid-forming big battery at Newman, the largest remote solar farm in Western Australia at Chichester, and the work that continues through groundbreaking projects like the current Port Hedland solar, battery and gas hybrid project,” he said.
The company’s assets and operations in South West WA, including its retail gas operations and projects including the recently announced 100 MW Wagerup big battery, are not impacted by the sale.
Existing assets included in the arrangements are:
- 200km of high voltage powerlines
- 210 MW Port Hedland Power Station
- 238 MW Newman Power Station
- 35 MW Newman battery
- 60 MW Chichester Solar Farm
- 11.8% stake in 203 TJ/d Goldfields Gas Transmission Pipeline
- 80 MW of further capacity under construction
