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.
 

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.