Copenhagen Infrastructure Partners Acquires 408 MW Gawara Baya Wind and BESS Project in North Queensland, Australia from Windlab

Copenhagen Infrastructure Partners (CI V) has acquired the Gawara Baya hybrid project in North Queensland, Australia from Windlab, comprising a 408 MW onshore wind farm and 104 MW of grid-forming BESS. Financial close secured with an AUD 1.7 billion facility from 10 banks. Construction is now underway with full operation expected in 2030.

Transaction date: · Source: cip.com

Key facts

Transaction date
Capacity
408 MW
Transaction price
Not disclosed
Seller
Windlab
Country
Australia
Region
North Queensland
Location
South-west of Ingham, North Queensland, Australia (Gugu Badhun Country)
Continent
Oceania
Development status
Under Construction
PPA
Yes

Technology details

Hybrid project comprising a 408 MW onshore wind farm (68 wind turbines) combined with a 104 MW grid-forming battery energy storage system (BESS). All major approvals received and final investment decision made. Financial close secured with an AUD 1.7 billion debt facility from 10 banks. Construction commencing with full operation expected in 2030. Expected to provide clean power to up to 240,000 Australian homes and avoid 1.2 million tonnes of CO₂ annually.

Power purchase agreement (PPA)

Long-term energy offtake agreements with Stanwell and SmartestEnergy, plus participation in the Australian Government's Capacity Investment Scheme providing long-term revenue certainty.

Additional information

Long-term energy offtake arrangements secured with Stanwell and SmartestEnergy, alongside participation in the Australian Government's Capacity Investment Scheme. Project expected to inject over AUD 200 million into the regional Queensland economy and create up to 500 direct and indirect jobs. Developed on Gugu Badhun Country with First Nations community engagement.

Source

Original announcement: https://www.cip.com/copenhagen-infrastructure-partners-p-s/r/copenhagen-infrastructure-partners-acquires-onshore-wind-and-battery-project-in-australia,c4389153

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