Cubico Sustainable Investments will be the the principal project investor for Australia’s 300MW Delburn Wind Farm.
The investor has joined OSMI Australia as joint development partner and will purchase 100% of the project in the state of Victoria prior to the commencement of construction.
Cubico’s head of Australia David Smith said: “We are excited to be investing in this innovative project in the Latrobe Valley – Victoria’s energy generation heartland – and are committed to delivering a high quality project that will support the economic transition of the region, as well as contributing to Victoria’s renewable energy targets.
“Cubico is committed to working closely with the community surrounding the project and will honour all commitments made by OSMI, such as maximising local procurement opportunities and the delivery of a best practice Community Benefits Scheme.”
Through the arrangements, OSMI will continue to be the public face of the project.
The company will provide ongoing services such as community engagement, development approvals compliance and land management through the construction period and early operations.
OSMI’s director Peter Marriott said: “We are really pleased to bring on a project partner that shares our vision and values in delivering leading edge renewable energy projects, with quality technology and communities at the centre of our decision-making framework.
“The team at Cubico have a strong history in the Australian power generation sector and we look forward to bringing this this project to fruition with them.”