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Shell buys stake in Australian wind farm developer
- 2 years ago (2022-03-01)
- David Flin
Shell will buy a 49 per cent stake in wind farm developer WestWind Energy ’s Australian arm. Shell Energy Operations will buy the stake in WestWind Energy, owned by the German-based WestWind Group for an undisclosed amount.
WBE 2025
WestWind Energy is looking to develop a 3 GW portfolio of wind projects across Victoria, New South Wales, and Queensland. Tobias Geiger, Managing Director of WestWind Energy Australia, said that the 3 GW project portfolio will cost $4 billion to build. Geiger said that WestWind’s partnership with Shell “is all about helping us accelerate our development of those future renewable energy projects.”
Tony Nunan, Australia Country Chairman for Shell, said: “Our first wind investment in Australia is a significant step in our goal to build a low carbon integrated business in Australia, in line with our customers’ evolving energy needs.”