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Gamuda Renewables Enters Victoria Market Through Acquisition of Stake in Hazelwood North Solar and Storage Project

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Representational image. Credit: Canva

Gamuda Renewables has expanded its presence in Australia’s renewable energy sector through the acquisition of a stake in the Hazelwood North Solar Farm and Battery Energy Storage System (BESS) project in Victoria’s Latrobe Valley.

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The development combines 450 MW of solar generation capacity with a 450 MW/1,800 MWh battery energy storage system, positioning it among the region’s significant integrated renewable energy projects. The transaction remains subject to approval from Australia’s Foreign Investment Review Board (FIRB).

Located on approximately 1,100 hectares, the project has already secured development approval and is expected to commence construction in 2028, with commercial operations targeted for 2030. Once operational, the facility is anticipated to generate enough renewable electricity to power around 150,000 homes.

The acquisition marks Gamuda Renewables’ entry into Victoria’s energy market and strengthens its growing renewable energy portfolio across Australia. The company has been actively expanding its clean energy investments as it pursues long-term growth opportunities in utility-scale renewable generation and energy storage.

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A key feature of the project is its large-scale battery storage component, which will enable the capture and storage of solar energy during periods of high generation and support electricity supply during peak demand hours. The integrated storage system is expected to enhance grid reliability while facilitating greater renewable energy penetration into Victoria’s electricity network.

The Hazelwood North development is also expected to contribute to the economic transformation of the Latrobe Valley, a region historically associated with coal-fired power generation. The project is forecast to create hundreds of construction jobs while supporting the state’s transition toward a cleaner energy mix.

In addition to renewable power generation and storage, the project developers are evaluating opportunities to establish data centre infrastructure powered by on-site renewable energy resources. The initiative reflects growing interest in coupling large-scale renewable energy projects with energy-intensive digital infrastructure as demand for AI and cloud computing services continues to rise.

The investment aligns with Victoria’s renewable energy ambitions and highlights the increasing role of international developers in advancing Australia’s clean energy transition through utility-scale solar and battery storage projects.

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