The news emerged as CBD announced a power purchase agreement (PPA) for the $250m ($258m) Taralga wind farm in New South Wales.

It had planned to develop Taralga through the AusChina joint venture that the Australian developer announced with much fanfare in April 2011 at the Sydney Opera House.

But CBD now appears set to go it alone on the 108MW development – the company’s first utility-scale project in Australia – with an announcement regarding the ownership of Taralga expected imminently.

“The