CWP, Partners Group Work Together for 1,300MW of Renewables Projects

CWP Renewables, an Australian renewable energy developer, collaborates with Partners Group, a global private markets investment manager, to establish a total of 1,300MW of wind, solar, and battery projects, which, according to them, will beat coal power on cost and reliability.
According to a report on the website of RenewEconomy, the commitment from Partners Group will enable the construction of the 135MW Crudine Ridge project to start soon. Partners will put in a total of $700 million to guarantee that the entire 1,300MW portfolio of wind, solar, and batteries push through.
The report also mentioned that the project is designed and timed to benefit from the shutdown of Liddell, and is established on expectations that other coal-fired generators will also close down.
Alex Hewitt, CWP Chief Executive, said, “We can, from this large portfolio, produce 24/7 baseload renewable power at very competitive prices. This is the future of large-scale generation in Australia.”
The projects, which is collectively known as the Grassroots Renewable Energy Platform, include the 230MW Sapphire solar farm and 70MWh battery storage, which will combine with the 270MW Sapphire wind farm near Glenn Innes.
The 140MW Bango wind project, Glen Ellen and Sundown solar projects, the huge Uungula wind, and the solar project that will total 400MW of capacity with the other storage. Hewitt also claimed that these projects will enable morning and evening wind generation to be integrated to daytime solar generation and battery energy storage.
He added, “We see a massive transition away from fossil fuels over the next 10 years. The transition is on. The economics are there, and the window is there now to move really fast.”
Aside from the project with the Partners Group, CWP also works with Vestas and other international partners to establish 9GW of wind and solar in the Pilbara. The project aims to generate and provide power to be exported through a sub-sea cable to southeast Asia and other possible clients in Western Australia.
Hewitt further commented that renewables and storage can surpass and beat coal generation. “The cost of these coal plants is becoming way too expensive to continue running, but we are constantly amazed how far solar is falling, and wind is also dropping, and now we have storage,” he added.
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