Windlab

What Windlab does

Windlab is an Australian renewable energy developer founded in 2003 to commercialize CSIRO-developed WindScape wind resource mapping technology. Headquartered in Canberra with offices in Brisbane, Sydney, and Melbourne, the company develops, constructs, and operates utility-scale wind, solar, and battery storage projects across Australia, with historical project activity in South Africa, Tanzania, and North America. Windlab employs 51–100 people, has connected approximately 1.2 GW of generation since inception, and maintains a 20+ GW development pipeline. The company has shaped approximately 20% of all connected wind capacity in Australia's National Electricity Market, and three Windlab-owned wind farms ranked #1, #2, and #5 in AEMO's 2024 NEM capacity factor rankings.

Windlab's core technology stack centers on WindScape, which combines the Weather Research and Forecasting (WRF) meso-scale model with the company's proprietary Raptor micro-scale computation model to assess wind resources with precision to within 100 metres. GridScape, an in-house grid modelling and project management infrastructure, delivers rapid connection studies without third-party consultant dependency. The portfolio includes operating assets such as Kennedy Energy Park — the world's first fully integrated hybrid wind (43 MW), solar (15 MW), and battery (2 MW) facility behind a single connection point — and development-stage projects including Bungaban Wind (1.4 GW), Bungaban Solar (500 MW), Gawara Baya (400 MW), Junction Rivers (600 MW wind plus 200 MW/800 MWh battery), Wongalee (1.4 GW), and Prairie Wind Farm, organized under multi-project hubs in Central, North, and South Queensland.

Windlab generates revenue through long-term Power Purchase Agreements with large industrial offtakers and government-backed energy retailers, retains equity stakes in developed projects, and partners through joint ventures for project delivery. Named agreements include a 25-year PPA with Rio Tinto for 80% of Bungaban generation and a 10-year PPA with CleanCo Queensland for 75% of Kennedy Energy Park output. Windlab is privately held, majority-owned by Federation Asset Management following its April 2026 acquisition of Squadron Energy's 75% stake, and was delisted from the ASX in 2020.

Name

Windlab

Legal name

Windlab Pty Limited

Website

https://windlab.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

51–100 employees

Short description

Windlab is an Australian renewable energy developer that uses proprietary CSIRO-derived wind mapping technology to originate, develop, construct, and own utility-scale wind, solar, and battery storage projects under long-term PPAs with industrial and government offtakers.

Ownership category

akta.pro rank

Product category

Renewable Energy Development

NAICS

Wind Electric Power Generation (221115)

akta.pro primary industry

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

akta.pro secondary industries

Onshore Wind Power Generation (Utility-Scale) (EUACAFAA), Wind Farm Development & Permitting (Greenfield/Brownfield) (EUACAFAE), Wind Operations, Maintenance & Asset Management (Scheduled/Unscheduled) (EUAMACAH)

Keywords

• Renewable energy development
• Wind power projects
• Solar energy generation
• Battery storage systems
• Power purchase agreements

Headquarters

HQ city

Canberra

HQ country

Australia

HQ region

Oceania

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Power Purchase Agreements: Long-term Power Purchase Agreements (PPAs) with large industrial customers and energy retailers. Customers secure reliable, cost-effective renewable energy to meet decarbonisation goals and manage long-term energy costs. Notable agreements include 25-year PPA with Rio Tinto for Bungaban (80% of generation) and 10-year agreement with CleanCo for Kennedy Energy Park (75% of wind output).
2. Project Development and Ownership: Full project lifecycle from origination through development, construction management, and long-term ownership. Windlab develops and owns renewable energy projects, generating revenue through energy generation and long-term asset ownership.
3. Project Equity Ownership: Windlab maintains equity stakes in developed projects, receiving returns from long-term operational assets. Joint venture arrangements with partners like Squadron Energy for projects such as Bungaban.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Windlab develops, constructs, and operates utility-scale renewable energy projects (wind, solar, and battery storage) across Australia. The company manages the full project lifecycle from origination through development, construction, and long-term ownership, selling energy output via long-term Power Purchase Agreements with industrial customers and energy retailers. Its proprietary WindScape and GridScape technologies underpin site selection and grid connection capability.

Product overview

Windlab is Australia’s clean energy pioneer, offering a comprehensive renewable energy development and ownership platform. The company provides end-to-end services spanning origination, development, delivery, and long-term ownership of wind, solar, and battery storage projects. Key proprietary technologies include WindScape (wind resource mapping combining WRF meso-scale modeling with Raptor micro-scale computation) and GridScape (grid connection project management and modeling infrastructure). Windlab's project portfolio includes operational assets (Kennedy Energy Park - the world's first hybrid wind/solar/battery project), development-stage projects (Bungaban Wind at 1.4GW, Bungaban Solar at 500MW, Gawara Baya at 400MW, Junction Rivers at 600MW with battery storage, Wongalee at 1.4GW, Prairie Wind Farm), and project hubs (South Queensland Renewable Generation Hub, Central Queensland Super Hub, North Queensland Super Hub). The company leverages its CSIRO origins and 20+ years of experience to develop and operate renewable energy projects across Australia.

Differentiator

Problem solved

Functional benefit

Products and services

• WindScape

Quantifiable outcome

• Nearly 1.2 GW of clean generation connected since 2003
• +7 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Capacity Investment Scheme (Australian Government)coreOthers · 26 May 2026Windlab's Bungaban Wind (1.15GW/1.4GWh) and Gawara Baya projects selected under the Capacity Investment Scheme, providing revenue certainty through CIS Agreements to support project development and financing.
• Australian Pacific Indigenous Personnel (APIP)minorImplementation/ SI/ Consulting Partner · 6 May 2026Partnership with APIP to support employment, training and local participation outcomes for Gawara Baya wind project. APIP provides culturally informed engagement and workforce coordination to connect Traditional Owners and local people with project opportunities.
• Squadron EnergycoreStrategic or Co-development Partner · 30 April 2026Joint venture partnership with Squadron Energy (50/50) for development of Bungaban Wind (up to 1.4GW) and Bungaban Solar (up to 500MW) projects in southern Queensland. Squadron originally held 75% shareholding in Windlab before selling to Federation Asset Management. The JV combines Windlab's development expertise with Squadron's technical and delivery capabilities.
• CleanCo QueenslandcoreChannel Partner/ Reseller/ Distributor · 29 January 202610-year Power Purchase Agreement for Kennedy Energy Park, with CleanCo securing 75% of the project's wind energy output. CleanCo is a Queensland Government-backed low-emission energy retailer and generator supporting customers' transition to sustainable energy.
• Gugu Badhun Aboriginal Corporation (GBAC)coreStrategic or Co-development Partner · 9 October 2025Landmark Indigenous Land Use Agreement (ILUA) for Gawara Baya wind project. Partnership includes employment and procurement commitments, cultural heritage protection, and ongoing Traditional Owner participation. GBAC is the Prescribed Body Corporate holding Native Title rights for the Gugu Badhun People.
• Junction RiverscoreOthers · 10 December 2024Junction Rivers wind and battery storage project selected under Federal Government's inaugural Capacity Investment Scheme round. Only project within NSW South West Renewable Energy Zone selected.
• Clean Energy CouncilminorOthersWindlab is a signatory to the Clean Energy Council's Best Practice Charter for Renewable Energy Projects, committing to leading practice principles in community engagement, environmental protection, and responsible development.

Scale indicators13 records

Recent moves7 records

Expansion highlights6 records

Others

• Vestas Wind Systems: Vestas is the world's largest wind turbine OEM and an adjacent ecosystem participant to Windlab rather than a direct competitor. Relevant as a technology and supply-chain link because Windlab's projects rely on Vestas (and competitor) turbines, and Vestas provides visibility into wind industry economics.

Broad incumbents

• AGL Energy: AGL is Australia's largest private-sector electricity generator with significant owned wind, solar, and storage assets and is pivoting away from coal. Competes broadly with Windlab for NEM renewable offtake and grid capacity, though at a much larger utility footprint.
• Origin Energy: Origin Energy is one of Australia's largest integrated energy retailers and generators with a growing renewable generation portfolio (wind, solar, storage) and corporate PPAs with industrial customers. Overlaps with Windlab on utility-scale wind generation and C&I offtake, but at a larger and broader incumbent scale.
• Enel Green Power: Enel Green Power is a global renewable energy developer with utility-scale wind, solar, geothermal, and storage assets across five continents. Comparable to Windlab on utility-scale wind development and IPP ownership, though with a global rather than Australian-focused footprint.
• RWE Renewables: RWE is one of the world's largest offshore and onshore wind developers with significant Australian operations and a multi-GW global pipeline. A broad incumbent peer to Windlab on utility-scale wind development and ownership, though RWE's portfolio is much larger and more geographically diverse.

Direct peers

• Acciona Energía: Acciona Energía is a global pure-play renewable energy developer and IPP with significant wind operations, including Australian assets via Acciona Energy Oceania. Closely comparable vertically integrated wind development and ownership model.
• DP Energy: DP Energy is an Australian-founded renewable energy developer with utility-scale wind, solar, and storage projects in development across Australia. Closely comparable mid-size developer profile focusing on greenfield renewables and grid-scale generation.
• Iberdrola Australia (formerly Infigen Energy): Iberdrola Australia, formed from the acquisition of Infigen Energy, is a major utility-scale wind energy developer and operator in Australia with operational assets and a development pipeline. Directly comparable to Windlab's Australian wind development and ownership model.
• Tilt Renewables (Mercury NZ): Tilt Renewables was an ASX/NZX-listed pure-play wind energy developer with assets in Australia and New Zealand before its 2022 acquisition by Mercury NZ. Historically one of Windlab's closest peers given its dedicated focus on Australian/Trans-Tasman utility-scale wind development and operations.
• Squadron Energy: Squadron Energy is an Australian renewable energy developer with a multi-GW wind and solar pipeline and is also Windlab's JV partner on the Bungaban projects. Operates in the same Australian onshore wind/solar developer category and competes for the same offtake and connection capacity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/windlab/about
• Xx.com/windlab

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds4 records

Investors5 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 Windlab