According to The Australian Financial Review, Brookfield has agreed to develop, build and take ownership of a wind farm in central Queensland, as it moves to accelerate the development of a renewable energy pipeline ahead of its proposed takeover of Origin Energy.
The deal for the 400MW Moonlight Range Wind Farm is Brookfield’s first renewable power project in Australia and is expected to contribute to the 14GW of renewable power and storage that Brookfield has pledged to build for Origin should its $18.2 billion deal receive regulatory approval.
“The Moonlight Range Wind Farm will be the first of many renewable power projects for Brookfield in Australia as we expand our presence in this market. Approximately 8 GW of coal fired power generation capacity is expected to come offline by 2030 – this generation needs to be replaced with new sources of clean energy,” said Luke Edwards, Brookfield managing director and head of renewable power and transition in Australia.
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