Published: 30 May 2018 30 May 2018
Partners Group has agreed to invest a total of AUS$ 700 million in the development of a large-scale renewable energy platform in Australia. The platform, which will be known locally as Grassroots Renewable Energy Platform (Grassroots), will include the 270MW Sapphire Wind Farm project and will in addition construct over 1.3GW of new wind power, solar power and battery storage assets across Australia within the next four years.
To realise the Grassroots platform, Partners Group has teamed with local developer CWP Renewables (CWP), also an investor in the project. Partners Group first joined forces with CWP in 2016 when it announced an AUS$250 million investment into the Sapphire Wind Farm project located in the state of New South Wales. The second project under the Grassroots platform will be Crudine Ridge Wind Farm, a 135MW construction-ready wind farm near Mudgee in New South Wales. Construction will begin in May 2018 and will be completed by September 2019. Crudine Ridge Wind Farm will consist of 37 GE 3.63MW turbines. In addition to Crudine Ridge Wind Farm, there are a number of other pipeline projects for Grassroots, which comprise a combination of wind, solar and battery storage assets.