1670466735 origin 1

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

origin 1

MELBOURNE (RockedBuzz via 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 project that the mining magnate says could be financed with the help of pension funds and large institutions.

Forrest’s private company, Squadron Energy, has acquired CWP Renewables for more than A$4 billion from Switzerland-based Partners Group.

($1 = 1.4939 Australian dollars)

(Reporting by Sonali Paul; Editing by Tom Hogue)