Potentia Energy has entered into an agreement with CVC DIF and Cbus Super to acquire controlling stakes in over one gigawatt (GW) of renewable assets across Australia.
The diversified portfolio comprises roughly 700 megawatts (MW) of operational wind and solar projects spanning multiple states and the Australian Capital Territory, along with more than 430MW of late-stage developments.
These include Battery Energy Storage Systems (BESS) in South Australia and Queensland, as well as a Western Australian wind project that recently achieved Financial Close.
Potentia Energy CEO Werther Esposito highlighted the significance of the acquisition.
“The acquisition expands and complements our existing portfolio of solar and wind assets across the Wholesale Energy Market (WEM) and National Electricity Market (NEM),” he said.
“We are committed to continue driving the energy transition across Australia. Our new Western Australian assets position us to work alongside Synergy in supporting the state’s energy transition and decarbonisation ambitions.”
The announcement comes shortly after the company’s rebranding from Enel Green Power Australia to Potentia Energy – a change that reflects its broadened strategic vision.
Currently, Potentia Energy operates 309MW of solar capacity across South Australia and Victoria, and a 75MW wind farm in Western Australia.
It is also developing projects including a 98MW solar and 20 MW battery hybrid project in New South Wales, with an additional 93MW solar farm nearing commissioning in Victoria.
Looking ahead, Potentia Energy has secured rights for a development pipeline exceeding 7GW and is committed to significantly increasing its installed capacity across wind, solar, storage, and hybrid projects nationwide.
Completion of the acquisition is subject to standard conditions, including Foreign Investment Review Board (FIRB) approval.
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