BayWa’s renewables business has sold its Ferguson and Diapur wind farms in Victoria, Australia as part of a strategy to grow larger-scale green assets.
Sold to Australian independent profit-to-members superannuation fund Prime Super, the acquisition adds to the fund’s renewable energy portfolio.
Ferguson in southwest Victoria has an installed capacity of 10.8MW with three Vestas turbines, while Diapur in Victoria’s far-west is 7.4MW with two Vestas turbines.
Both wind farms have been operating since 2021.
BayWa r. e. is now developing gigawatt-scale wind farms in New South Wales and Queensland.
Managing director for BayWa r. e. projects Australia Fleur Yaxley said: “Thanks to some excellent work by the team, Ferguson and Diapur pack a giant punch with average capacity factors double the national average – that’s effectively two turbines for the price of one.
“This sale releases capital to redeploy and grow our portfolio of much larger wind and battery developments in Victoria, New South Wales, and Queensland.
“Projects that will make a substantial contribution to accelerating Australia’s rapid transition to renewable energy.”
BayWa r. e. Projects Australia has recently announced the development of three larger-scale wind farm developments.
These are the 1GW Bullawah and Kariboe projects and the 400MW Wimmera Plains Energy Facility.