Focus on large-scale wind, solar and energy storage projects in Australia
Key Takeaways
- CIP has conceived a new clean energy company Voyager Renewables with a focus on Australia
- It will develop wind, solar and energy storage projects within and outside of the REZ planned in the country
- The company is currently identifying sites across Queensland, NSW, Victoria, Tasmania, and South Australia
Danish greenfield renewable energy investor Copenhagen Infrastructure Partners (CIP) has launched a new company called Voyager Renewables with a focus on the Australian large-scale wind, solar and battery energy storage system (BESS) sector.
Headquartered in Newcastle, New South Wales (NSW), Voyager has a mandate to deliver 6 GW of new energy capacity across the country.
Its current portfolio comprises 2 wind energy farms, one each in NSW and Victoria. The 3rd project Energy Oasis is an onshore wind project with co-located solar and storage proposed to be located in NSW. This hybrid project is likely to host over 2 GW installed capacity.
Additionally, it is identifying high-quality sites of scale both within and outside of the renewable energy zones (REZ) across Queensland, NSW, Victoria, Tasmania, and South Australia for new wind and solar energy generation projects.
Voyager’s parent CIP has a strong financial standing as it manages more than $50 billion in green energy investments globally with 12 funds. The company has close to 120 GW of renewable energy projects across technologies and locations in its pipeline.
Of this, the CIP has more than 40 GW in active development in Australia across offshore and onshore wind, large-scale solar, green hydrogen, pumped hydro, and battery storage. This includes the Murchison Green Hydrogen Project to be powered by up to 6 GW onshore wind and solar PV capacity in Western Australia (see Australia’s Major Project Status To Accelerate 32 GW RE Capacity Installation).
Australia is an attractive market for renewable energy investors as the country targets net-zero status by 2050. According to a recent Bloomberg New Energy Finance report, the country will need to install 290 GW of wind and solar energy capacity to achieve the target (see Australia To Need 290 GW Wind & Solar To Achieve Net-Zero By 2050).
Source from Taiyang News
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