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.