Squadron Energy has acquired CWP Renewables in order to enhance its renewable energy operating portfolio to 2.4 gigawatts (GW) with an Australian development pipeline to 20GW.
“When large industrial and commercial customers come to us, they are looking for efficient and firmed renewable power at scale. With this acquisition, we will develop and operate an extensive geographic portfolio of night and daytime wind, solar and storage assets that will ensure reliability of supply for our customers,” Squadron Energy CEO Eva Hanly said.
Squadron Energy is building the $3 billion Clarke Creek renewable energy hub in Central Queensland, which is the largest grid connected project in the country. It will also be commencing construction of another 2GW worth of projects within the next 18 months.
CWP is an integrated renewables energy business that spans wind, solar and battery farms, and provides renewable energy to Transurban, Woolworths Group, Sydney Airport, Commonwealth Bank and Snowy Hydro.
CWP operates over 1.1GW of wind assets including Sapphire Wind Farm, the largest in NSW, which has 75 turbines generating up to 270 megawatts (MW), Murra Warra I & II with a combined 435MW and Crudine Ridge, which has 37 wind turbines and generates 142MW.
CWP has approvals in place to construct four more wind farms in NSW totalling over 750MW, along with a construction ready 414MW wind farm, 180MW solar farm, two battery farms and a firming power station capable of using hydrogen, biofuels and hydrogen gas blends.