What Spark Renewables does

Spark Renewables is an Australian independent power producer that develops, builds, owns and operates utility-scale renewable energy projects. Founded in Sydney in 2018 and headquartered in Manly, NSW, the company began with a single 120 MWdc solar farm (Bomen, operational since mid-2020) and has expanded into a ~7 GW development pipeline spanning solar, wind and battery energy storage across NSW and South Australia. Major pipeline projects include the ~2 GW Dinawan Energy Hub, the up-to-1 GW Mallee Wind Farm, the up-to-600 MW Mallee Solar Farm, the Wattle Creek Energy Hub (up to 265 MW solar + 350 MW BESS on University of Sydney land) and the 600–850 MW Yorke Peninsula Energy Hub. Spark also participates in a consortium pursuing floating offshore wind off the NSW coast.

Core technology consists of large-scale solar generation using single-axis tracking systems (including an Australia-first deployment of Array Technologies' TrueCapture controller at Bomen since May 2021), wind generation and battery energy storage, augmented by agrivoltaics — the co-location of energy generation with sheep grazing and ongoing agricultural activity. R&D partnerships with the University of Sydney, UNSW, UTS, Charles Sturt University and Macquarie University span battery technology, agrivoltaics, solar panel recycling and legal co-development models.

Spark Renewables generates revenue primarily through long-term, tailored Power Purchase Agreements (PPAs) with corporate power purchasers, supplemented by direct electricity sales. Anchor offtakers include Westpac (whose PPA underpins its 100% renewable-by-2025 commitment) and Flow Power (reselling to entities including City of Sydney and the Sydney Opera House). The company monetises green electricity and renewable energy certificates under these multi-year contracts. Since 2023, Spark Renewables has been a wholly-owned subsidiary of Tenaga Nasional Berhad (TNB), Malaysia's largest electricity utility, and Copenhagen Infrastructure Partners holds an option to acquire a minority interest in the Dinawan Energy Hub at financial close.

Name

Spark Renewables

Legal name

Spark Renewables

Website

https://sparkrenewables.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Spark Renewables is an Australian independent power producer developing, building and operating utility-scale solar, wind and battery storage projects, with one operating 120 MWdc asset and a ~7 GW pipeline across NSW and South Australia. It is wholly owned by Tenaga Nasional Berhad and sells output under tailored long-term PPAs to corporate purchasers.

Ownership category

akta.pro rank

Product category

Independent Power Production

NAICS

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

SIC

Cogeneration Services & Small Power Producers (4991), Electric Services (4911)

akta.pro primary industry

Commercial Structuring & Offtake (PPAs, CfDs, Corporate PPAs, Merchant Strategy) (EUAMAAAE)

Keywords

• Independent power producer
• Renewable energy generation
• Power purchase agreements
• Solar wind battery storage
• Utility scale renewables

Headquarters

HQ city

Manly Vale

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Power Purchase Agreements (PPAs): Long-term offtake agreements spanning several years that provide certainty of revenue to renewable energy projects and certainty of electricity price to power purchasers. Green electricity and renewable energy certificates are sold under PPAs.
2. Electricity Generation and Sales: Direct sale of electricity generated from solar, wind, and battery storage facilities to power purchasers including corporates and energy retailers.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels7 records

Core offering

Spark Renewables is an independent power producer that develops, builds, owns, and operates large-scale renewable energy generation projects in Australia, including solar farms, wind farms, and battery energy storage systems. It sells electricity and renewable energy certificates to corporate and government buyers via tailored, long-term Power Purchase Agreements (PPAs), and operates one operational asset (Bomen Solar Farm, 120 MWdc) alongside a ~7 GW development pipeline. The company emphasises community benefit-sharing, First Nations participation, and agrisolar co-use of project land.

Product overview

Spark Renewables is a leading independent power producer developing, building, owning, and operating renewable energy projects across Australia. The company operates a portfolio consisting of one operational asset (Bomen Solar Farm) and multiple development-stage projects including energy hubs combining wind, solar, and battery storage. Spark Renewables specializes in large-scale renewable energy developments that integrate agricultural co-use, community benefit-sharing programs, and First Nations participation. The company is owned by Tenaga Nasional Berhad (TNB), Malaysia's largest electricity utility.

Differentiator

Problem solved

Functional benefit

Brands

• Mallee Energy Hub: A renewable energy hub combining wind and solar projects in the Wentworth Shire, NSW, including Mallee Wind Farm and Mallee Solar Farm.

Products and services

• Bomen Solar Farm A 120 MWdc operational solar farm on Wiradjuri land near Wagga Wagga, NSW, supplying electricity to corporate power purchasers (Westpac, Flow Power) under long-term PPAs and powering ~36,000 Australian homes annually.
• Dinawan Energy Hub A ~2 GW hybrid wind, solar, and storage energy hub proposed in the Riverina region in the NSW South-West Renewable Energy Zone, expected to power over a million Australian homes annually and create ~1,000 construction jobs.
• Mallee Wind Farm A proposed wind and battery storage project of up to 400 MW wind and 100 MW BESS in the Wentworth Shire, NSW South-West Renewable Energy Zone, expected to power up to ~209,000 Australian homes annually.
• Wattle Creek Energy Hub A proposed solar and battery energy storage project of up to 265 MW solar and 350 MW BESS located on University of Sydney's Arthursleigh property in the NSW Southern Tablelands, expected to power approximately 55,000 households per year.
• Mallee Solar Farm A proposed large-scale solar farm of up to 600 MW with BESS up to 200 MW/400 MWh, located approximately 10 km north-east of Buronga in Wentworth Shire, NSW, partnering with Boundary Bend Olives on agrivoltaics and sheep grazing.
• Yorke Peninsula Energy Hub

Quantifiable outcome

• Over 200 GWh of solar-generated electricity per annum from Bomen Solar Farm
• +4 more outcomes

Named customers4 records

Segments5 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

15 partnerships are on record, tiered secondary, core, strategic and minor.

• Boundary Bend OlivessecondaryStrategic or Co-development Partner · 1 January 2024Partnership with Australia's largest extra virgin olive oil producer for Mallee Solar Farm. Project developed on land owned by Boundary Bend Olives with focus on sheep grazing and agrivoltaics horticulture investigation.
• PV IndustriescoreTechnology or Integration · 1 January 2023Leading solar panel recycling and resource recovery company. Partnership drives diversion of solar panel waste from landfill and finds sustainable end-of-life solutions. Project brings collaborative industry-led approach to solar panel and lithium-ion battery recycling.
• Macquarie UniversitysecondaryStrategic or Co-development Partner · 1 January 2023Three-year Fellowship partnership focused on agrivoltaics with Macquarie Law School, creating innovative legal models for co-development of renewable energy and agricultural production.
• The University of SydneycoreStrategic or Co-development Partner · 1 January 2023Selected by University of Sydney to develop Wattle Creek Energy Hub on Arthursleigh property. Includes ongoing research agreement, two-acre test-bed facility for Gelion battery testing, and work experience program for students.
• Simply Blue GroupstrategicStrategic or Co-development Partner · 1 January 2023Consortium partnership to pursue floating offshore wind development off NSW coast in Hunter and Illawarra regions. Simply Blue Group is international floating offshore wind developer with 10 GW global pipeline.
• Subsea7strategicStrategic or Co-development Partner · 1 January 2023Consortium partnership for floating offshore wind development. Subsea7 is global leader in offshore projects with successful delivery of over 1,000 projects including major offshore wind developments.
• University of Technology Sydney (UTS)secondaryStrategic or Co-development Partner · 1 January 2021Receives data from Bomen Solar Farm for research on solar panel end-of-life solutions and recycling technology development.
• University of New South Wales (UNSW)secondaryStrategic or Co-development Partner · 1 January 2021Allowed to use Bomen Solar Farm as testing ground for Solar Panel Triage Unit technology. Research and development partnership on recycling technology.
• Charles Sturt UniversitycoreStrategic or Co-development Partner · 1 January 2021Leading three-year research project to investigate how solar panels impact pasture growth. Monitors plant growth, solar radiation, soil moisture, and biomass to identify ideal pasture mix for solar farms.
• GelionsecondaryTechnology or Integration · 1 January 2021Battery technology company spun out from University of Sydney in 2015. Wattle Creek Energy Hub includes test-bed facility for testing innovative battery systems developed by Gelion.
• WestpaccoreStrategic or Co-development Partner · 1 January 2020Major power purchaser partner under long-term PPA. The PPA with Westpac supplies enough green electricity to meet nearly half of its electricity demand and is fundamental to Westpac's commitment to be 100% powered by renewables by 2025. Partnership also includes co-funding of the $1 million Bomen Solar Farm Community Fund.
• Flow PowercoreStrategic or Co-development Partner · 1 January 2020Energy retailer purchasing electricity under PPA from Bomen Solar Farm. Flow Power resells electricity to customers including City of Sydney, Sydney Opera House, and Snack Food brands.
• Beon Energy SolutionscoreStrategic or Co-development Partner · 1 January 2020EPC Contractor for Bomen Solar Farm construction. Partnered with Chandler Macleod to implement the 'Women in Solar' program during construction, with 78% of mechanical workforce locally sourced.
• ICN GatewayminorChannel Partner/ Reseller/ DistributorIndustry network gateway for connecting with suppliers and contractors in the renewable energy sector.
• Queen and HoneyminorStrategic or Co-development PartnerLocal partner business featured in partner showcase.

Scale indicators13 records

Recent moves7 records

Expansion highlights6 records

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Customer concentration

• YouTubevimeo.com/sparkrenewables
• LinkedInlinkedin.com/company/sparkrenewables
• Instagraminstagram.com/sparkrenewables
• Facebookfacebook.com/REinournature

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Spark Renewables