Mining billionaire Andrew Forrest has revealed a $2.75 billion alliance with GE Vernova for wind turbine supply

(Left to right) Dugald Saunders, NSW Nationals Leader and Dubbo MP,
Andrew Forrest AO, Tattarang Chairman,
Hon Chris Bowen MP, Minister for Climate Change and Energy,
Mathew Dickerson, Mayor Dubbo Regional Council,
Jackie Brown, APAC Commercial Director Onshore Wind GE Vernova,
Jason Willoughby, Squadron Energy CEO
(Photo source: Squadron Energy)

Mining billionaire Andrew Forrest has revealed a $2.75 billion alliance with GE Vernova for wind turbine supply. Australia is aiming to have 82% of the national electricity grid powered by renewable energy by 2030. Squadron Energy Thursday officially started work on the Uungula Wind Farm, the largest wind farm being built in New South Wales.

The 69-turbine project will be built near Wellington within the Central-West Orana Renewable Energy Zone and has an approved connection to the existing transmission grid. It's a landmark milestone for renewable energy in Australia and the next step in Squadron Energy's commitment to delivering 14GW of green electricity, powering the equivalent of six million homes. There is a further 6GW in Squadron's development pipeline to follow.

Squadron Energy, a wholly owned portfolio company of Tattarang, is the only company to reach financial close on a wind farm project in Australia. Tattarang Chairman Andrew Forrest said he was committed to financing Squadron's 14GW development pipeline to support the Australian in achieving its renewable energy targets.

Squadron Energy on Thursday revealed a $2.75 billion strategic alliance for wind turbine supply with General Electric subsidiary GE Vernova. About $1 billion in turbine infrastructure will go to Uungula Wind Farm, while the rest will supply two projects in NSW.

Reference: Squadron Energy