The notion of what makes an investment and a country low risk was challenged in 2022 as global energy producers and developers faced new taxes and regulatory measures.
The pair have acquired a 49 percent stake in the project, which was completed earlier this year and comes with a long-term offtake agreement with Origin Energy.
AGL Energy has been forced to write down a series of PPAs with windfarms it developed and sold between 2006 and 2012, as wholesale prices continue to fall.
With the possibility of a downturn on the horizon, execution-driven value creation strategies are an investor’s best course, say Todd Bright and Simon Merriweather of Partners Group.