Potentia Energy has acquired an 80.1% stake in Bright Energy Investments (BEI) from superannuation fund Cbus Super and CVC DIF.
BEI was established in 2018 as a joint venture and a renewable energy investment vehicle between WA electricity generator and retailer Synergy, Cbus super and CVC DIF.
Related article: Enel Green Power Australia rebrands as Potentia Energy
Potentia Energy is a joint venture co-owned by Enel Green Power and INPEX. Enel Green Power entered the Australian market in 2017 and transitioned to a joint venture entity with INPEX in late 2023.
BEI executive general manager Tom Frood said, “Potentia Energy develop and operate high-quality renewable energy assets across Australia, so this marks an exciting new chapter for BEI.”
BEI owns renewable energy assets in Western Australia, including Warradarge Wind Farm, Albany Grasmere Wind Farm, and Greenough River Solar Farm.
Related article: Potentia Energy acquires over 1GW renewables portfolio
In December, BEI announced the expansion of Warradarge Wind Farm with 30 more wind turbines, providing an extra 103MW of power.
When complete Warradarge Wind Farm will be the largest wind farm in Western Australia and is recognised as one of the most efficient wind farms in Australia.
