Infrastructure and assets investment firm Foresight has announced financial close on Kondinin Wind Farm in Western Australia’s Wheatbelt after acquired Shell Energy’s 50% interest in the project.
This marks the beginning of construction of the 130MW first stage of the project, underpinned by two significant long-term revenue arrangements—seven-year Power Purchase Agreement (PPA) with state-owned Synergy and a 15-year revenue support contract through the federal government’s Capacity Investment Scheme.
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Kondinin Wind Farm has also been designated by the Western Australian Government as a Priority Project under the State Development Act 2025, recognising its strategic and economic significance to the state.
Foresight’s Australian infrastructure team will now lead Kondinin through construction and into operations. The company will work with Vestas to deliver Stage 1, comprising 21 Vestas V162-6.2 MW turbines.
Foresight Australian Renewables Income Fund portfolio manager Daniel Beaver said, “Reaching financial close takes Kondinin from development into delivery and reflects a significant amount of work across the project.
“With financing secured, long-term revenue support through the Synergy PPA and Capacity Investment Scheme, and the backing of the Western Australian Government through Kondinin’s Priority Project designation, Stage 1 is now ready to move into construction.
“Foresight has also taken full ownership of Kondinin at an important point in its development. We thank Shell Energy for its contribution to progressing the project and for its partnership over the past four years.
Once operational, the 130MW wind farm is expected to generate enough electricity to power up to 70,000 Western Australian homes.
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Stage 1 forms part of the broader 370MW Kondinin Energy development, providing the potential for further stages to be developed over time.
