Billionaire Forrest aims to develop 5 GW of wind farms by 2030

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Published: Dec 7, 2022, 02:06 UTC

MELBOURNE (Reuters) - CWP Renewables, now in the hands of Andrew Forrest, plans to develop 5 gigawatts of wind farms in Australia by 2030, a multibillion dollar task the mining magnate said could be funded with the help of pension funds and big institutions.

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MELBOURNE (Reuters) – CWP Renewables, now in the hands of Andrew Forrest, plans to develop 5 gigawatts of wind farms in Australia by 2030, a multibillion dollar task the mining magnate said could be funded with the help of pension funds and big institutions.

Forrest’s private firm Squadron Energy acquired CWP Renewables for more than A$4 billion from Swiss-based Partners Group.

($1 = 1.4939 Australian dollars)

(Reporting by Sonali Paul; Editing by Tom Hogue)

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