Origin Energy's Acquisition of Yanco Delta Wind Farm

Origin Energy Limited (ASX: $ORG) has entered into an agreement to acquire the Yanco Delta Wind Farm, a significant 1.5 GW wind development project in New South Wales. The project, strategically located in the South West Renewable Energy Zone, includes a 800 MWh battery and has received all necessary government and environmental approvals. The acquisition aligns with Origin's strategy to transition its portfolio to cleaner energy and meet the needs of its customers.

Executive Commentary on Yanco Delta Wind Farm Acquisition

Yanco Delta is a large-scale, advanced and highly strategic wind development project. With the key planning and regulatory approvals secured, and with significant plans for supporting infrastructure and transmission in place, the acquisition of Yanco Delta represents a major step forward in our journey to transition Origin's portfolio to cleaner energy. Origin has made rapid progress in building out a portfolio of renewable and storage projects at varying stages of development, and Yanco Delta represents a unique opportunity to bring a material volume of renewable energy supply into the market relatively quickly, to help meet the needs of our customers. Strategically located in the South West REZ, Yanco Delta is a quality wind resource that provides benefits of scale. We look forward to working closely with the local community and other stakeholders and bringing Origin's expertise and track record in developing large scale energy projects to progress this project to construction.

Summary of Origin's Acquisition and Outlook

Origin Energy's acquisition of the Yanco Delta Wind Farm demonstrates its commitment to expanding its renewable energy and storage portfolio. The project's strategic location and advanced stage of development align with Origin's goal to transition to cleaner energy sources. The company intends to finance the acquisition through its corporate debt facilities and assess capital efficient options for construction. Additionally, Origin plans to contract for the offtake from the wind farm to support its customers' energy needs. With this acquisition and other renewable projects in progress, Origin is poised to play a significant role in meeting the growing demand for renewable energy in the market.