Squadron Energy Acquires CWP Renewables

Squadron Energy announced it has acquired CWP Renewables (CWP), in an agreement that takes Squadron's renewable energy operating portfolio to 2.4 gigawatts (GW) with an Australian development pipeline to 20GW.

Squadron, part of the Tattarang group of companies, is 100 per cent Australian owned and operated, and dedicated to accelerating Australia's decarbonisation.

Once fully operational, Squadron's portfolio will provide enough electricity to power 8.5 million homes, more than double the number of homes in New South Wales.

CWP will be integrated into Squadron's existing business, which includes majority ownership of Windlab, and provide Squadron with the scale it requires on the east coast of Australia to meet the huge demand from large commercial and industrial customers for reliable green energy.

Chairman of Tattarang Dr Andrew Forrest AO said Squadron is now superbly positioned to ensure Australia can accelerate the development of renewable energy, creating thousands of direct and indirect jobs, at the scale and pace that our economy requires.

Squadron Energy CEO Eva Hanly said the company has the experience, people, agility and scale to meet the huge demand for green energy from large commercial and industrial customers.