Atmos Renewables Acquires Wild Cattle Hill Wind Farm

Igneo Infrastructure Partners (Igneo) and its Australian renewables business, Atmos Renewables (Atmos), have announced a significant acquisition. Atmos has acquired 100% of the Wild Cattle Hill Wind Farm (Cattle Hill) from PowerChina and Goldwind. This acquisition expands Atmos' growing portfolio of renewable energy assets in Australia.

The Wild Cattle Hill Wind Farm, which is 93 kilometers northwest of Hobart, is around 149 MW in capacity. The 148.4 MW wind farm was created as a joint venture between PowerChina and GoldWind.

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Growth of Atmos Renewables

Since the company's establishment in 2020, it has executed several acquisitions. The current deal is the 7th follow-on acquisition for the company. Through the incorporation of this new asset, Atmos has taken its renewable energy capacity above 1.8 GW. So far, the company's portfolio reflects 11 wind and 6 solar assets in the books.

Atmos is also aggressively developing a pipeline of over 7 GW across 18 projects, which include wind, solar, and battery storage. The company has made considerable progress on several projects, including the Parron wind farm and Merredin battery storage projects. The two projects recently received necessary development approvals.

CEO’s Statement on the Acquisition

Nigel Baker, CEO of Atmos, expressed his enthusiasm for the acquisition. He said, "This acquisition not only adds to our operating portfolio but further solidifies our commitment to diversifying our commercial exposure to the Australian electricity market."

He added, "With a robust development pipeline and strong operational portfolio, we are poised to continue our leadership in the sector and deliver value to our stakeholders."

Future Plans and Sustainability Goals

Atmos Renewables is committed to growing its renewable energy footprint. The Wild Cattle Hill Wind Farm acquisition is part of the long term strategy to diversify assets and expand the renewable energy capacity in the Australian market.

Atmos strongly focuses on sustainable energy and has a promising development pipeline. With these factors, Atmos is positioning itself to spearhead Australia's transition to a low carbon economy.