CS Energy transfers Boulder Creek stake, keeps full offtake

The Australia-based firm will transfer 50% of its equity stake in the project to Aula Energy.

CS Energy has signed a new agreement to offtake 100% of the renewable energy from the Boulder Creek Wind Farm and secured additional private sector investment in Queensland’s energy sector.

Under the agreement, CS Energy will transfer its 50% equity stake in the project to Aula Energy and retain access to 100% of the energy produced by the wind farm.

“This will enable CS Energy to focus on delivering safe, reliable and affordable energy from our core asset portfolio and supports the delivery of new wind generation to diversify the state’s energy mix,” CS Energy Acting CEO Tony Bellas said.

The Australian Competition and Consumer Commission has approved the transaction under its notification waiver process.