Windlab secures QLD Got energy renewable deal

Company News

by Jessica Amir

Windlab (ASX:WND) has signed a 10-year agreement with a Queensland government-owned company, CS Energy.

The deal involves CS Energy buying renewable energy and large-scale generation certificates from its Kennedy Energy park, a 60.5MW hybrid renewable energy project,.

The Park has 43.5MWs wind, 15MWs solar and 2MWs lithium ion battery storage, in far North Queensland.

The site is 50/50 JV with Japanese-owned Eurus Energy.

The agreement is subject to ministerial approval and reaching financial close.

Shares in Windlab (ASX:WND) are trading flat at $1.70.
 

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