AGL Energy (AGL) signs agreement with GE and CATCON to construct the $450 million Silverton Wind Farm. First greenfield project under the Powering Australian Renewables Fund (PARF), who will take ownership of the wind farm. 200MW wind farm will generate enough electricity to power the equivalent of more than 137,000 average Australian homes per annum. GE, in collaboration with AGL Energy (AGL) and CATCON announced a major contract to develop and build the $450 million Silverton Wind Farm, in what will be the sixth larger wind farm in Australia. The Silverton Wind Farm is the first greenfield development under the Powering Australian Renewables Fund (PARF), a partnership between AGL, QIC and Future Fund for the development of approximately 1,000MW of large-scale renewable energy projects. The 58 GE 3.4MW wind turbines will be the larger in Australia, with rotors spanning 130-metres. Once operational the wind farm will generate approximately 780,000 MWh of energy annually, enough to power the equivalent of more than 137,000 average Australian homes. It is estimated that the project, located in western New South Wales, could generate up to 150 jobs during peak construction, many of which will be sourced from the local community. The renewable energy produced by the Silverton Wind Farm will reduce Australia's CO2 emissions by 655,000 tonnes annually, the equivalent of taking 192,000 cars off the road each year. The Silverton Wind Farm will be located in the Barrier Ranges of NSW, with its south-western boundary approximately five kilometres north of Silverton and approximately 25 kilometres north-west of Broken Hill. The placement of turbines will be located over the Mundi Mundi Range in the southern portion of he site and Mount Robe Range in the northern portion of the site. The wind farm is expected to be fully operational by mid-2018.