Renewable energy company RES has agreed to sell the 436.5MW Tarong West Wind Farm to Stanwell in Queensland, Australia.
The wind farm is the largest publicly owned facility in the country.
Stanwell CEO Michael O’Rourke said: “Adding the 436.5MW Tarong West Wind Farm project into Stanwell’s renewable energy portfolio is an exciting chapter not only in our renewable energy story, but also Queensland’s.
“It will play a critical role in transitioning our energy portfolio and brings us closer to our goal of having nine to 10GW of large-scale wind and solar capacity by 2035. Stanwell now has more than 4000MW of renewable energy and storage in our portfolio under contract, in development or under construction.
“We will continue to work constructively with RES and in close consultation with the South Burnett community, which we have been a proud part of for four decades, as we develop this project through to final investment decision [FID].”
Located in South Burnett, Queensland, the project is expected to deliver economic benefits to the region.
During the construction phase, the project is expected to create approximately 200 jobs, with hundreds more indirect jobs anticipated, as well as 15 operational jobs once the farm is functional.
The Queensland Government has shown strong support for the project, committing A$776.1m ($537m) in funding to date.
The wind farm project, which recently received development approval, will be equipped with 97 wind turbines.
It is projected to generate enough clean energy to supply power to approximately 230,000 homes.
An FID on the project is expected in early 2025.
RES Australia CEO Matt Rebbeck said: “RES is excited to reach this significant milestone in the development of the Tarong West Wind Farm. It is a testament to the dedication and hard work of the project team to progress the development.
“RES is committed to continuing to work with key project stakeholders including the local community, landowners and traditional owners prior to the commencement of construction.
“We welcome Stanwell’s involvement in the project as we work to achieve a cleaner, more sustainable energy future for Queensland.”
In December last year, Genex Power's subsidiary, K3W Project, secured an offtake agreement with Stanwell for its 258MW wind farm in Queensland, Australia.
