Squadron Energy acquires Australian renewable firm CWP Renewables

Squadron Energy, an Australian energy company, has announced that it has acquired CWP Renewables (CWP) for an undisclosed fee. With more than 1.1 GW of operational wind assets, CWP is a corporation that specialises in wind, solar, and battery farms. The Sapphire Wind Farm in New South Wales is one of its asset holdings; it has 75 turbines and the ability to generate up to 270 MW of clean energy. The energy company also owns the Crudine Ridge wind farm, which has a 142 MW capacity, and the Murra Warra I and II projects, which have an installed total of 435 MW.

After the transaction closes, CWP will be incorporated into Squadron’s current operations. The agreement will bring Squadron’s operating portfolio for renewable energy to 2.4 GW and its development pipeline for projects in Australia to 20 GW. Squadron is actively developing the Clarke Creek renewable energy hub in central Queensland, which, once completed, will be the country’s largest grid-connected project. In the next 18 months, the company also intends to start construction on further projects totaling 2 GW. It provides clean energy to Transurban, Woolworths Group, Sydney Airport, Commonwealth Bank, and Snowy Hydro.