22 October 2024:

Atmos Renewables (Atmos) has acquired the Coonooer Bridge Wind Farm (Coonooer) from Eurus Energy.

Located in northwestern Victoria, Coonooer is a 20 MW wind farm which commenced operations in 2016. The wind farm was built by Vestas Australian Wind Technology Pty Limited and is supported by a 20-year Warranty, Operation and Maintenance agreement. The wind farm’s turbines are similar to those of Atmos’s nearby wind farms of Cherry Tree and Kiata. Coonooer’s revenue is underpinned by a long-term offtake arrangement with the ACT Government.  

Nigel Baker, Chief Executive Officer of Atmos, said the acquisition of Coonooer Bridge Wind Farm is not the largest that Atmos has undertaken but it is a welcome addition to Atmos’s operating portfolio.

“The acquisition of Coonooer Bridge Wind Farm will integrate seamlessly with our existing portfolio of wind and solar assets across each state of the National Electricity Market (NEM), supported by Coonooer’s long-term offtake and maintenance agreements”, Mr Baker said.

With this acquisition, Atmos now owns interests in 16 renewable energy assets, generating 2.6 TWh of electricity, which will power 500,000 homes and offset 1.7 million tonnes of carbon emissions, making it one of the top renewable energy generators in the Australian market.

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About Atmos Renewables

Atmos Renewables (Atmos) is a green energy supplier, dedicated to developing, building and operating renewable and clean energy infrastructure across Australia.

Established in 2020 by Igneo Infrastructure Partners, Atmos was founded to contribute to the decarbonisation of the Australian electricity network and to provide a platform for investors to deploy capital into the renewable energy sector. Atmos has interests in 16 large scale operating wind and solar farms across the NEM.

Atmos invests in green energy at all stages of the project lifecycle and is committed to building out a scaled and diversified portfolio of generation and storage assets that provide clean power to a range of customers.

About Igneo Infrastructure Partners

Igneo is an autonomous investment team in the First Sentier Investors Group. It invests in high-quality, mature, mid-market infrastructure companies in the utilities and transport sectors in the UK, Europe, North America, Australia and New Zealand. Operating since 1994, the team works closely with portfolio companies to create long-term sustainable value through innovation, a focus on ESG and proactive asset management.

Igneo manages US$19.2 billion worth of assets (as at 30 June 2024) on behalf of more than 200 investors around the world.

Important information

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