Atmos Renewables

What Atmos Renewables does

Atmos Renewables is an Australian renewable energy Independent Power Producer (IPP) that develops, owns, and operates utility-scale wind farms, solar farms, and battery energy storage systems (BESS) across all NEM-connected states and Western Australia. Founded in 2020 and headquartered in Sydney with a regional office in Melbourne, the company holds ownership interests in approximately 1.9GW of operating and in-construction capacity across 18 projects, plus a 3GW+ development pipeline. Atmos is owned by Igneo Infrastructure Partners and ranks among the top 5 Australian renewable IPPs by installed capacity, generating approximately 2.4 TWh of electricity annually, largely contracted under long-term agreements with investment grade counterparties.

The company's core technology portfolio spans proven renewable generation technologies: utility-scale wind farms (Hornsdale 316MW, Macarthur 420MW, Lal Lal Yendon 144MW, Granville Harbour 112MW, Cattle Hill 144MW, among others), solar farms (Daydream 168MW, Karadoc 90MW, Nevertire 105MW, Susan River 85MW, among others), and battery energy storage systems (Merredin BESS 100MW/400MWh under construction, Teebar BESS 400MW/1,600MWh in development, Heywood BESS 285MW/1,140MWh in development). Asset management includes both wholly owned and co-owned structures with partners including Intera Renewables, Dexus, Northleaf Capital, and Nomad Energy. The company was selected under the Australian Federal Government's Capacity Investment Scheme Tender 3 for two major battery storage projects.

Atmos operates a B2B enterprise sales model, generating revenue through wholesale electricity generation and sale under long-term Power Purchase Agreements (PPAs) with state governments, corporations, and utilities. Named customers include the ACT Government (Feed-In Tariff for Hornsdale since 2017), Western Australian Government entities Synergy and Water Corporation (PPAs for 1GW+ of wind energy), and other corporate energy buyers. Pricing is determined through bespoke bilateral PPA negotiations. The company refinanced its 1.6GW portfolio in December 2025 via a significantly oversubscribed green loan facility aligned with APLMA Green Loan Principles, one of the largest green portfolio financings in the Australian renewables sector. Atmos employs 11-50 staff and pursues growth through a combination of organic greenfield development, strategic acquisitions, and community engagement programs including First Nations partnerships and community benefit funds.

Name

Atmos Renewables

Legal name

Atmos Renewables Pty Ltd (ABN 55 645 165 466) as trustee for Atmos Renewables Investment Trust

Website

https://atmosrenewables.com.au

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Atmos Renewables is an Australian renewable energy IPP that develops, owns, and operates utility-scale wind, solar, and battery storage assets across all Australian electricity markets, serving state governments, corporations, and utilities through long-term Power Purchase Agreements.

Ownership category

akta.pro rank

Product category

Independent Power Production (Renewable Energy Generation)

NAICS

Electric Power Generation (22111), Wind Electric Power Generation (221115), Solar Electric Power Generation (221114)

SIC

Electric Services (4911)

akta.pro industry

PRIMARYFSAAAKAG

Renewable Energy Infrastructure

Financial & Insurance/Asset & Wealth Management/Asset Management — Real Assets (Real Estate, Infrastructure, Natural Resources)

SECONDARYEUAFAAAA

Utility-Scale BESS Project Development & Ownership (IPP/Developer)

Energy, Utilities & Environment/Energy Storage & Grid Flexibility (Batteries, Hydrogen Storage, Demand Response)/Battery Energy Storage Systems (BESS) & Stationary Storage

SECONDARYFSAHAIAD

Real Assets — Energy & Power Infrastructure (Renewables, Conventional, Storage)

Financial & Insurance/Hedge Funds & Alternative Investments/Alternative Investments — Real Assets (Real Estate, Infrastructure, Farmland, Timberland)

Keywords

• Renewable energy generation
• Wind farm development
• Solar farm operations
• Battery energy storage
• Power purchase agreements

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Wholesale Energy Generation and Sale: Atmos Renewables generates electricity from its wind, solar and battery assets and sells it primarily under long-term Power Purchase Agreements (PPAs) to state governments, corporations, and utilities. The company holds approximately 2.4 TWh of generation capacity largely contracted under long-term agreements with high-quality and investment grade counterparties.
2. Green Loan Portfolio Refinancing: The company accessed capital markets through green loan facilities aligned with APLMA Green Loan Principles to refinance existing asset-level debt and support development pipeline progression.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Atmos Renewables develops, owns, and operates utility-scale renewable energy generation assets across Australia, including wind farms, solar farms, and battery energy storage systems (BESS). The company sells electricity generated from these assets primarily under long-term bilateral Power Purchase Agreements (PPAs) to state governments, corporations, and electricity utilities, with approximately 2.4 TWh of generation capacity largely contracted to investment-grade counterparties.

Product overview

Atmos Renewables operates a diversified portfolio of renewable energy assets spanning wind farms, solar farms, and battery energy storage systems across Australia. The company's portfolio includes approximately 1.9GW of operational and in-construction assets across 18+ projects, with an additional 3GW+ development pipeline. Operational assets include wind farms (Hornsdale, Kiata, Macarthur, Cherry Tree, Granville Harbour, Cattle Hill, Lal Lal Yendon/Elaine, Coonooer Bridge) and solar farms (Daydream, Hayman, Karadoc, Nevertire, Childers, Susan River). Development-stage projects include Parron Maam Marang Wind Farm, Macorna Wind Farm, Kulin West Wind Farm, and battery storage systems (Merredin BESS under construction, Teebar BESS and Heywood BESS in development). The company focuses on long-term community ownership and engagement, offering community benefit funds, landholder partnerships, and Traditional Owner relationships.

Differentiator

Problem solved

Functional benefit

Products and services

• Parron Maam Marang Wind Farm A 489MW wind farm development in Western Australia's Wheatbelt region, co-developed with Parron Developments, featuring up to 78 wind turbine generators across approximately 8,400 hectares of agricultural land.
• Merredin Battery Energy Storage System (BESS) A 100MW/400MWh battery energy storage system under construction in Western Australia, providing grid support and enhancing security of supply in the Western Electricity Market.
• Hornsdale Wind Farm A 316MW operational wind farm in South Australia across three stages (Stage 1: 102MW, Stage 2: 102MW, Stage 3: 112MW), now 100% owned by Atmos Renewables since November 2025.
• Kiata Wind Farm A 31MW operational wind farm in Victoria with 9 x 3.45MW turbines, operating since February 2018.
• Macarthur Wind Farm A 420MW operational wind farm in Victoria with 140 x 3.0MW turbines. Atmos holds 24.9% interest with partners Intera Renewables (25.1%) and Dexus (50%).
• Karadoc Solar Farm A 90MW operational solar farm in Victoria near Mildura, connected to the 66kV Powercor network since December 2018.
• Coonooer Bridge Wind Farm A 20MW operational wind farm in Victoria with 6 x 3.3MW turbines, managed on behalf of Atmos by RES Australia.
• Hayman Solar Farm A 58MW operational solar farm in Queensland near Collinsville, featuring innovative sheep grazing for vegetation management.
• Daydream Solar Farm A 168MW operational solar farm in Queensland near Collinsville, acquired 100% by Atmos in December 2021, generating over 315GWh annually.
• Lal Lal Wind Farms - Yendon A 144MW operational wind farm in Victoria with 38 turbines, 60% owned by Atmos Renewables and 40% by Northleaf Capital.
• Lal Lal Wind Farms - Elaine An 84MW operational wind farm in Victoria with 22 turbines, 60% owned by Atmos Renewables.
• Macorna Wind Farm A ~1GW wind farm in early-stage development in Victoria's Gannawarra and Loddon Shire area, 100% owned by Atmos Renewables.
• Cherry Tree Wind Farm A 58MW operational wind farm in Victoria with 16 x 3.6MW turbines, located near Seymour.
• Granville Harbour Wind Farm A 112MW operational wind farm in Tasmania with 31 x 3.6MW turbines. Atmos holds 49.8% interest with Intera Renewables holding 50.2%.
• Nevertire Solar Farm A 105MW operational solar farm in New South Wales near Dubbo, connected to the 132kV Essential Energy network.
• Teebar Battery Energy Storage System (BESS) A ~400MW/1,600MWh battery energy storage system in development in Queensland near Maryborough, targeting operations in 2028. CIS-backed project with partnerships for First Nations employment and local community benefits.
• Childers Solar Farm A 56MW operational solar farm in Queensland near Bundaberg, 100% owned by Atmos Renewables.
• Susan River Solar Farm An 85MW operational solar farm in Queensland near Hervey Bay, connected to the 66kV Ergon network.
• Cattle Hill Wind Farm A 144MW operational wind farm in Tasmania with 48 Goldwind GW140 3S turbines, located at Lake Echo.
• Heywood Battery Energy Storage System (BESS) A 285MW/1,140MWh battery storage project in development in southwest Victoria near Heywood, providing additional storage and stability to the electricity grid.
• Kulin West Wind Farm A 560MW wind farm in early-stage development in Western Australia's Wheatbelt region, joint development between Nomad Energy and Atmos Renewables with environmental studies underway.

Quantifiable outcome

• 1.9GW of operational and construction capacity across 18 projects
• +4 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered core and major.

• Western Australian Government (Synergy and Water Corporation)coreStrategic or Co-development Partner · 20 March 2026The Cook Government secured Power Purchase Agreements for over 1GW of renewable energy from new wind farms in regional Western Australia. Synergy and Water Corporation committed to buying electricity from Parron Maam Marang Farm (470MW), Kondinin Wind Farm (130MW), and Marri Wind Farm (550MW), collectively capable of powering more than 800,000 homes annually.
• Parron DevelopmentscoreStrategic or Co-development PartnerAtmos Renewables partnered with Parron Developments in 2024 to develop the Parron Maam Marang Wind Farm, a 470MW project located north of Badgingarra in Western Australia's wheatbelt region. The partnership leverages Parron's local development expertise and landholder relationships.
• Nomad EnergycoreStrategic or Co-development PartnerMerredin BESS was a joint development between Nomad Energy and Atmos, with Nomad developing the project before Atmos acquired 100% ownership at financial close in June 2025. The companies are also collaborating on the Kulin West Wind Farm project.
• Yued Aboriginal CorporationcoreStrategic or Co-development PartnerAtmos and Yued Aboriginal Corporation signed a landmark relationship agreement in January 2026 covering the Parron Maam Marang Wind Farm near Badgingarra. The agreement includes employment provisions, ranger-led caring for country activities, community benefit allocation, and a relationship committee. Total direct benefits exceed $4 million with potential for over $30 million in First Peoples contracting.
• EnervenmajorImplementation/ SI/ Consulting PartnerAtmos signed an Early Contractor Involvement (ECI) Agreement with Enerven for the Teebar Battery Energy Storage System project in Queensland. The ECI phase includes site studies, detailed engineering design, management plans and permitting support. Enerven brings experience including Origin's Eraring BESS and AGL's Torrens Island and Liddell BESS.
• Intera RenewablesmajorStrategic or Co-development PartnerCo-owner of Macarthur Wind Farm (25.1% ownership alongside Atmos 24.9% and Dexus 50%) and Granville Harbour Wind Farm (50.2% ownership alongside Atmos 49.8%).
• NeoenmajorStrategic or Co-development PartnerAtmos acquired Neoen's majority interest in Hornsdale Wind Farm (316MW across three stages) in November 2025, taking full ownership of the project. Neoen had previously operated the asset since 2017.
• Kabi Kabi People Aboriginal CorporationcoreStrategic or Co-development PartnerAtmos established partnerships with TAFE Queensland, Fraser Coast Careers Pathway Program, and the Kabi Kabi People Aboriginal Corporation to provide workforce development opportunities and First Nations partnerships for the Teebar BESS project.
• Australian Federal Government (Capacity Investment Scheme)coreStrategic or Co-development PartnerAtmos Renewables was selected under Capacity Investment Scheme Tender 3 for both Merredin BESS (Western Australia) and Teebar BESS (Queensland) battery storage projects totaling significant dispatchable capacity. The CIS provides government support to accelerate renewable energy and storage deployment.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Genex Power: Australian renewable energy developer focused on battery storage and solar projects, including the Kidston and Bulli Creek BESS projects. Genex is an emerging player in the same Australian utility-scale renewable and storage market as Atmos, with comparable BESS focus but smaller operational scale.

Broad incumbents

• Origin Energy: Major Australian energy retailer and generator with significant renewable energy operations including the Eraring BESS project. Origin is a direct competitor in utility-scale renewable development and also operates as a potential offtaker in the NEM, comparable to Atmos's BESS development strategy.
• AGL Energy: Australia's largest energy gentailer with significant coal-fired generation transitioning to renewables including the Torrens Island and Liddell BESS projects. AGL is both a competitor in renewable development and a customer/offtaker in the NEM, providing a broader incumbent comparison for Atmos's pure-play renewable IPP model.

Direct peers

• Iberdrola Australia: Australian subsidiary of Spanish utility Iberdrola (formerly Infigen Energy, acquired 2020). Operates one of Australia's largest renewable generation portfolios across wind, solar, and battery storage, directly competing with Atmos for NEM market share, government tenders, and project development opportunities.
• Lightsource bp: Global solar developer with significant Australian operations and BESS development pipeline. Lightsource bp was selected alongside Atmos in CIS Tender 3 and competes in the same Australian utility-scale solar and storage development market with similar business model focused on long-term PPAs and project financing.
• Tilt Renewables: Australian renewable energy company (acquired by ESB in 2021) that operated one of Australia's largest wind farm portfolios. Tilt was historically a direct competitor to Atmos in Australian wind development, and several Atmos executives (CEO Nigel Baker) previously held senior roles at Tilt, highlighting direct comparability in business model and market focus.
• Equis Energy: Asia-Pacific renewable energy developer and IPP with substantial Australian wind, solar, and BESS operations. Equis was selected alongside Atmos in CIS Tender 3 for BESS projects, representing a directly comparable utility-scale renewable IPP model in the Australian market.
• Neoen: French-listed renewable IPP with significant Australian operations including wind, solar, and battery storage assets. Neoen previously owned Hornsdale Wind Farm (sold to Atmos in November 2025) and is one of the closest comparables in business model and scale, both being independent renewable IPPs pursuing utility-scale wind, solar, and BESS with long-term PPAs in Australia.
• Acciona Energía: Spanish renewable energy company with utility-scale wind and solar operations in Australia. Acciona Energía competes directly with Atmos in Australian wind farm development and the broader NEM renewable generation market, with similar business model of owning and operating utility-scale renewable assets.
• TotalEnergies Renewables Australia: Australian subsidiary of global energy major TotalEnergies with renewable energy operations including utility-scale solar, wind, and battery storage. Selected alongside Atmos in CIS Tender 3 for BESS projects, representing a directly comparable developer with similar focus on utility-scale renewable assets and long-term PPAs in Australia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/atmos-renewables

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

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 Atmos Renewables