Australia’s Squadron Energy acquires developer CWP Renewables

Facebook
Twitter
LinkedIn
Reddit
Email
The acquisition further expands the portfolio of Tattarang-owned renewables projects in Australia. Image: Squadron Energy.

Australian company Squadron Energy has acquired CWP Renewables in a deal it claims will make it Australia’s largest renewables developer, investor and operator.

A subsidiary of Tattarang, Squadron said the deal will bring its Australian renewables portfolio to 2.4GW and expand its pipeline in the country to 20GW. CWP and its assets will be integrated into Squadron’s existing business.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

Not ready to commit yet?
  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

CWP has approvals in place for a 180MW solar farm, two battery farms and a swathe of large-scale wind projects across Australia totalling over 1.1GW capacity.

Andrew Forrest, chairman of Tattarang and founder of Fortescue Metals Group, said: “Squadron is proud to bring a very significant portion of Australia’s renewable energy assets home to local ownership. It means that Squadron has the renewable energy critical mass to help Australia step beyond fossil fuels.”

Fortescue Future Industries, a subsidiary of Fortescue Metals Group which is part-owned by Tattarang, recently announced plans for a 10GW green hydrogen hub in Queensland. In February, Forrest announced a US$3 billion investment into solar PV and wind projects as part of Fortescue’s 3GW renewables hub in the state.

Tattarang has provided backing for a major Australian solar export project, the Australia-Asia PowerLink subsea cable project, which will transport power from a 20GW PV farm in Australia to Singapore via transmission cables.

The company also announced 9.2GW of solar and wind to power a green hydrogen project in Egypt earlier this year, as well as a 3.3GW Western Australia renewables hub.

“It is paramount that Australia continues to increase cost-efficient renewable green energy, to economically power homes and industry at pace and rid the Australian consumer of its forced reliance to increasingly expensive, dangerously pollutive fossil fuels,” Forrest said.

Read Next

August 22, 2025
The Australian Renewables Income Fund (ARIF), a renewable energy fund managed by Foresight Group, has raised AU$700 million (US$779 million) in a debt refinancing transaction.
August 22, 2025
AEMO has predicted the NEM will see a steady rise in renewable energy generation capacity, reaching 229TWh by 2035.
August 21, 2025
National Thermal Power Corporation (NTPC), through its renewable energy arm NTPC Green Energy, has commissioned 212.5MW of solar capacity at its 1.25GW Khavda-I project. 
August 20, 2025
Blueleaf Energy has signed an MoU with Chemsain Sustainability to explore a portfolio of up to 3GW of solar PV and BESS in Malaysia.
August 20, 2025
The consortium building the Al Sadawi PV power plant in Saudi Arabia has reached financial close on the 2GW project.
August 20, 2025
Silicon Ranch is building a 100MW solar plant in South Carolina that will supply power to Meta's first data centre in the state.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines