Gamuda partners with Tasmanian landowners to co-develop over 600 MW of wind and solar generation and 600 MW of battery storage in Central Tasmania.
KUALA LUMPUR: Gamuda Bhd
’s Australian subsidiary, Gamuda Holdings Pty Ltd, has signed a landmark agreement with local landowners in Central Tasmania to jointly develop a major portfolio of renewable energy projects.
In a statement, Gamuda said the portfolio includes up to 600 MW of wind and solar power generation, along with 600 MW of battery energy storage (BESS).
The portfolio, which includes Weasel Solar Farm and Cellars Hill Wind Farm, is led by prominent Tasmanian landowners, the Downie family, in partnership with developer Alternate Path. The Downies have held pastoral land in Tasmania for over 200 years, with Peter Downie recognised as a respected community figure and renewable energy advocate.
The landowner-led project was developed with local input to protect the environment and provide jobs and energy rebates to households within 12km of the sites.
Gamuda will take an equity stake in the portfolio to secure development rights for the current and future projects and deliver them under sole-source engineering, procurement, and construction (EPC) contracts.
This will set the company up with a pipeline of energy construction work through to 2029. The agreement is subject to Foreign Investment Review Board approval.
“We have been highly selective in finding the right partner to work with us to develop this portfolio that brings both a financial and technical contribution and is wholly committed to the strong social licence and landowner-led principles of these projects.
“We have been in discussion with Gamuda for many months and have seen their genuine partnership approach and commitment to our community values. We’re excited to move forward together to deliver these projects for the benefit of Tasmanians,” Downie said.
Meanwhile, Gamuda’s chief strategy and growth officer Jarred Hardman said the Central Tasmania portfolio perfectly fits Gamuda’s energy strategy to become a leading end-to-end renewable energy developer, builder, and owner of energy assets to accelerate Australia’s clean energy future.
This deal represents Gamuda's first significant investment in renewable energy development in Australia.
Subject to further planning and development processes and approvals, construction of Weasel Solar Farm is estimated to commence in FY27 and Cellars Hill Wind Farm in FY28.
