Construction is expected to inject AU$200 million (US$130 million) into the regional economy and support 500 jobs, alongside an AU$200,000 annual Community Benefit Fund for initiatives across the Hinchinbrook and Charters Towers local government areas.
Gawara Baya has been developed through what CIP and Windlab describe as a landmark Indigenous Land Use Agreement with the Gugu Badhun People, embedding cultural heritage protection, environmental stewardship and economic participation into the project.
The development also includes Australia’s first renewable energy biodiversity net-gain strategy, a voluntary commitment targeting measurable biodiversity improvement over the project’s operating life, backed by an initial AU$4 million investment delivered in partnership with Traditional Owners and regional conservation experts.
Gawara Baya adds to a broader pipeline of large-scale renewable energy projects Windlab has advanced through Australia’s federal approvals process.
The company holds a track record of taking more than 1GW of wind assets to financial close and has referred a further eight projects under the Environment Protection and Biodiversity Conservation (EPBC) Act.
Elsewhere in Queensland, a joint venture between Windlab and Squadron Energy referred the Bungaban Solar Project, a 500MW solar facility paired with a 500MW BESS, for EPBC assessment in August 2026, forming part of Windlab’s broader South Queensland Renewable Generation Hub anchored by a large offtake agreement with Rio Tinto.
Grid-forming battery storage adds to a growing portfolio for CIP in Australia
Grid-forming inverters can provide voltage and frequency support historically supplied by synchronous generators such as coal and gas plants, a capability regulators and network operators have identified as increasingly necessary as thermal generation retires from the National Electricity Market (NEM).
The acquisition adds to CIP’s portfolio of Australian battery storage activity, which includes both built and exited standalone BESS assets in the country.
In April 2026, CIP sold its entire stake in the 240MW/960MWh Summerfield Battery in South Australia to Palisade Investment Partners, a project the Danish investor had originally developed from financial close through to late-stage construction before divesting as it neared commercial operation.
That transaction followed a pattern CIP has repeated elsewhere in its portfolio, developing and de-risking assets before selling to longer-term infrastructure holders.
CIP’s activity in Australia is part of a broader global capital deployment strategy. The firm, which manages 15 funds and has raised around €43 billion (US$49.9 billion) to date, closed its Growth Markets Fund II at approximately US$3 billion in August 2026, targeting energy infrastructure across 15 high-growth, middle-income markets in Eastern Europe, Asia and Latin America.
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