CWP Renewables

What CWP Renewables does

CWP Renewables, now operating under the Squadron Energy brand following its late 2022 acquisition and March 2023 rebranding, is an Australian utility-scale renewable energy developer and operator. The company develops, owns, and operates wind farms, solar photovoltaic facilities, and battery energy storage systems (BESS) across New South Wales, Victoria, and Queensland, with operational assets including 15+ wind farms (Bango, Crudine Ridge, Sapphire, Murra Warra I & II, Clarke Creek, Pikedale), the Gol Gol Solar Farm, and four firming projects (Dubbo Firming Power Station, Gol Gol Battery, Illawarra Firming Power Station, Port Kembla Energy Terminal). The combined entity maintains a development pipeline of approximately 20GW of renewable energy projects across wind, solar, and storage technologies, positioning it as one of Australia's largest renewable energy platforms.

The company's go-to-market is primarily B2B enterprise sales directed at power purchasers, including corporations, industrial facilities, and utilities seeking long-term renewable energy supply to meet decarbonization targets. Revenue is generated through bespoke Power Purchase Agreements (PPAs) negotiated for each power purchaser, with additional merchant electricity sales to the grid. Pricing is not publicly disclosed and is determined by project-specific factors including location, scale, contract duration, and energy profile. The company also partners with landowners for wind and solar site development and engages local contractors for construction and maintenance.

The business model is asset-heavy and capital-intensive, typical of utility-scale renewable energy developers. The company is a proprietary limited company (Pty Ltd) headquartered at 55 Market Street, Sydney, NSW. Community engagement is supported through programs including Power Promise, Uungula Connect, a Landowner Partnership Program, and a sponsorship with the St George Illawarra Dragons NRL team. No specific revenue figures, headcount, funding rounds, or ownership structure details are publicly disclosed in the source data.

Name

CWP Renewables

Legal name

Squadron Energy Pty Ltd

Website

https://cwprenewables.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

101–250 employees

Short description

CWP Renewables (now Squadron Energy) is an Australian utility-scale renewable energy developer and operator of wind, solar, and battery storage assets, supplying long-term PPAs to corporate and utility power purchasers across a 20GW pipeline in NSW, VIC, and QLD.

Ownership category

akta.pro rank

Product category

Renewable Energy Generation

NAICS

Wind Electric Power Generation (221115), Solar Electric Power Generation (221114)

akta.pro primary industry

Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations) (EUACAFAF)

akta.pro secondary industries

Contracted Wind Power Generation (PPA/CFD/FiT-backed) (EUACAFAJ), Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA), Hybrid Wind Power Plants (Wind+Solar+Storage Co-located) (EUACAFAH)

Keywords

• Utility-scale wind energy
• Utility-scale solar generation
• Battery energy storage
• Renewable power purchase agreements
• Firming power generation

Headquarters

HQ city

Newcastle

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Technology or R&D, Personnel, Marketing or Sales, Supply Chain

Revenue model

1. Renewable Energy Generation and Sale: The company generates electricity from wind farms, solar farms, and battery storage facilities and sells it to power purchasers through Power Purchase Agreements (PPAs) and merchant electricity sales to the grid.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

CWP Renewables develops, owns, and operates utility-scale wind farms, a solar photovoltaic farm (Gol Gol Solar Farm), and battery energy storage / firming assets across NSW, VIC, and QLD in Australia. The company generates renewable electricity and sells it to corporate, industrial, and utility power purchasers through bespoke multi-year Power Purchase Agreements (PPAs), maintaining a combined ~20GW development pipeline of wind, solar, and storage projects.

Product overview

CWP Renewables (now part of Squadron Energy following late 2022 acquisition) operates as a portfolio of renewable energy generation assets and development projects. The offering consists of operational wind farms across NSW, VIC, and QLD, solar generation through Gol Gol Solar Farm, and energy storage/firming projects including battery storage and peaking power stations. The combined entity maintains a development pipeline of 20GW of renewable energy projects across wind, solar, and firming technologies. Community programs such as Power Promise and Uungula Connect complement the energy generation portfolio.

Differentiator

Problem solved

Functional benefit

Products and services

• Operational Wind Farms (Bango, Crudine Ridge, Sapphire, Murra Warra I & II) Utility-scale operational wind farms in NSW (Bango, Crudine Ridge, Sapphire) and VIC (Murra Warra I & II) generating renewable electricity sold to power purchasers and the grid.
• Gol Gol Solar Farm Utility-scale operational solar photovoltaic generation facility in NSW producing clean electricity for sale to power purchasers and the grid.
• Firming Projects (Dubbo Firming Power Station, Gol Gol Battery, Illawarra Firming Power Station, Port Kembla Energy Terminal) Energy storage and firming solutions including battery energy storage systems and peaking power stations in NSW that ensure reliable, dispatchable power supply alongside intermittent wind and solar generation.
• Power Purchaser Services (PPA Sales) Direct B2B service supplying corporate, industrial, and utility power purchasers with long-term renewable electricity supply under bespoke multi-year Power Purchase Agreements (PPAs), with a dedicated 'Power purchasers' partnership page.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered minor and core.

• St George Illawarra DragonsminorGTM or Marketing Partner · 13 March 2023Sports sponsorship partnership with NRL rugby league team St George Illawarra Dragons, part of community engagement and brand awareness initiatives.
• Squadron EnergycoreStrategic or Co-development Partner · 1 January 2022CWP Renewables was acquired by Squadron Energy in late 2022, merging the two companies to become Australia's leading renewable energy company. The combined entity operates under the Squadron Energy brand with CWP's development and operational projects continuing as normal.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Neoen: Global independent power producer with an Australian portfolio of wind, solar, and battery storage projects selling under corporate and utility PPAs—closely comparable business model, customer base, and technology stack.
• TagEnergy: Australia-based wind and battery developer with utility-scale projects such as Golden Plains Wind Farm, using long-dated PPAs with corporate buyers—similar development pipeline dynamics and competitive set for land and offtake.
• Iberdrola Australia: Iberdrola operates a substantial Australian renewables portfolio through Pacific Hydro, Windlab, and the former Infigen assets, developing and owning utility-scale wind and solar farms and selling power via PPAs—directly comparable to CWP/Squadron in geography, technology, and revenue model.
• Genex Power: ASX-listed Australian renewable developer focused on pumped hydro, wind, and battery storage projects—a direct competitor for development pipeline, grid access, and PPA off-take in the Australian market.
• RES Australia: Global renewable energy developer with an active Australian wind and solar development pipeline, competing for land, grid access, and PPA off-take in the same Australian market.
• Acciona Energía Australia: Global renewables IPP with utility-scale wind and solar projects in Australia (e.g., Mt Gellibrand, Waubra), selling output under corporate and utility PPAs—a comparable operating model and customer profile.

Broad incumbents

• ENGIE Australia: Subsidiary of global utility ENGIE with Australian wind, solar, and storage projects (e.g., Willogoleche Wind Farm) selling under PPAs—broader portfolio but overlapping development pipeline and customer base.
• AGL Energy: One of Australia's largest energy retailers and generators with a significant renewable generation portfolio and ongoing coal-to-renewables transition—broader scale and customer reach than Squadron, competing for the same PPA demand.
• Origin Energy: Integrated Australian energy retailer and generator with renewable generation assets and corporate PPA offerings—overlapping customer base and competing for the same corporate decarbonization offtake.
• APA Group: Major Australian energy infrastructure operator with growing renewable generation assets alongside its gas pipelines, increasingly competing for wind/solar PPA off-take and grid-connected development sites.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/squadronenergy
• Xx.com/cwp_renewables
• Facebookfacebook.com/CWPRenewables

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CWP Renewables