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Copenhagen Infrastructure Partners (CIP) Acquires Australia's Gawara Baya Wind and BESS Project, Secures A$1.7 Billion Debt Facility
Copenhagen Infrastructure Partners (CIP) has purchased the Gawara Baya hybrid onshore wind and battery energy storage (BESS) project in North Queensland, Australia, from Windlab. The project, comprising a 408MW wind farm and a 104MW BESS, has secured a A$1.7 billion debt facility from a consortium of ten banks, reaching financial close. With all main approvals in place, CIP has made the final investment decision, and construction is set to commence, with full operation expected by 2030.
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