CWP has successfully developed, financed and built numerous projects totalling 1525MW and €3 billion of investment, and are currently developing projects with a combined capacity of 1400MW in Europe through CWP Europe and 2000MW in Australia through CWP Renewables.
Wind & Solar
Combining a global perspective with deep local understanding, we foresaw the trends and opportunities emerging in South East Europe, and restarted full-scale development in early 2019 with the goal to deliver a large, diversified portfolio in the 2024-2025 period. We currently have 1.4GW under active development in Bulgaria, Romania and Serbia, consisting of each country’s most competitive large-scale wind and solar projects.
Drawing on the experience and innovative business models we developed and perfected in Australia, combined with our deep local understanding of and presence in Southeast Europe , we are well-positioned to lead the energy transition to subsidy-free renewables.
Grassroots Renewable Energy Platform
CWP and Partners Group, one of the largest private markets infrastructure investment managers, formed the Grassroots Renewable Energy Trust in 2018 with the ambition to create the largest renewable energy portfolio in Australia. CWP committed the mature part of its development portfolio, 1.2 GW in total, while Partners Group committed to invest over $700m AUD in equity to build out CWP’s projects.
In late 2020 we took a step further and merged CWP Renewables with the Grassroots Renewable Energy Trust, creating a multi-billion-dollar integrated renewables company that now operates under the name CWP Renewables, and in which we retain a minority position. The 2 GW diversified portfolio consists of wind, solar and battery assets in Australia’s National Electricity Market, and aims to deliver cheap electricity to our corporate clients without a cost to the environment. By combining wind, solar and, in some cases, battery storage at the portfolio level we firm up intermittent renewable energy resources.
Sapphire Renewable Energy Hub
35MWh battery storage
A unique project – the largest of its kind in Australia – that will utilise the wind and solar resources available on the site simultaneously. Located near Glen Innes in New South Wales, the first phase of the project, the Sapphire Wind Farm, finished construction in November 2018. As the largest wind farm in NSW, the Sapphire Wind Farm will help the ACT government achieve its target of 100% renewables by 2020.
The second phase of the project is what distinguishes it as the largest of its kind in Australia; with a planned 200MW of solar and storage to be developed, this will be a significant step on the path to firm renewable power. The project is expected to begin construction in late 2020, with completion of construction in late 2021.
Asian Renewable Energy Hub
The Asian Renewable Energy Hub is one of the most exciting energy projects in the world; born out of a vision to aid energy security in the region, the project has developed into an incredible dream for the future – a dream that is rapidly becoming real. By placing complimentary, high generation capacity together at-scale we are able to produce renewable hydrogen to be exported for use in multiple sectors, helping countries with poor renewable resources to access affordable green energy.
Working with the local community in the Pilbara region and the Western Australian government, CWP will provide significant manufacturing opportunities in Western Australia and cheap, clean power for the mines and industry in the region, helping them to decarbonise.
Fântânele-Cogealac Wind Farm
The first major success for CWP Renewables, with a total capacity of 600MW and €1.1 billion secured in investment, this is the largest onshore wind farm in Europe.
Developed by CWPR over 3 years and then construction managed by CWPR over 4 years, this landmark project set records in the industry. It was the largest private investment ever in Romania and still today is the largest onshore wind farm in Europe.
The monumental project comprises 240 GE 2.5xl wind turbines, the largest single order of wind turbines in General Electric’s history. The project is now owned by CEZ.