Overview
- Copenhagen Infrastructure Partners, through its Copenhagen Infrastructure V fund, completed acquisition of the Gawara Baya development and made a final investment decision on Monday to move the project into construction.
- The hybrid project pairs a 408 MW onshore wind farm with a 104 MW grid‑forming battery energy storage system that can provide voltage and frequency support as ageing coal plants retire.
- CI V reached financial close on an AUD 1.7 billion facility arranged with 10 banks and has signed long‑term offtakes with Stanwell and SmartestEnergy alongside participation in the federal Capacity Investment Scheme.
- Developers estimate the project will inject more than AUD 200 million into the regional Queensland economy, support up to 500 jobs during construction and supply power equivalent to about 240,000 homes while avoiding roughly 1.2 million tonnes of CO2 each year.
- The deal includes an Indigenous Land Use Agreement with the Gugu Badhun People and a voluntary biodiversity net‑gain strategy backed by an initial AU$4 million, and industry voices say the transaction signals renewed foreign capital for large wind projects on the eastern seaboard.