Kondinin Wind Farm secures long-term Power Purchase Agreement with Synergy

Foresight is pleased to announce that the Kondinin Wind Farm has executed a long-term Power Purchase Agreement (PPA) with Synergy, Western Australia’s largest state-owned electricity generator and retailer.

Kondinin Wind Farm is being developed by Kondinin Energy Pty Ltd, a joint venture between Foresight and Shell Energy.

Under the seven-year PPA, Synergy will purchase 100% of the renewable energy generated by the proposed 130-megawatt (MW) Kondinin Wind Farm (Stage 1), supporting the project’s development and financing. The PPA represents a key commercial milestone, establishing a long-term, fixed-price revenue profile and a high-quality offtake partner.

Project significance

Kondinin Wind Farm forms part of a broader 370MW development, with potential for further expansion through a second stage wind project.

Subject to final approvals, the project is expected to supply renewable energy into the South West Interconnected System from late 2028, with Stage 1 expected to generate enough electricity to power up to 70,000 West Australian homes.

The WA Minister for Energy and Decarbonisation, Minister Amber-Jade Sanderson, commented: "These agreements are a massive step towards delivering the energy transition and establishing WA as a renewable energy powerhouse on a global scale. By signing these agreements, we are supporting job-creating renewable energy projects in regional WA that will help us get out of State-owned coal by 2030.”

Daniel Beaver, Executive Director at Foresight, Portfolio Manager of ARIF, and Kondinin Director, added: “Securing a PPA with Synergy is a pivotal step for Kondinin and moves the project meaningfully closer to delivery. We are pleased to receive the Government’s commitment to build new high-quality wind generation capacity in Western Australia.”

Strategic context

Through its flagship APAC energy transition strategy, the Australian Renewables Income Fund (ARIF), Foresight invests in renewable energy and infrastructure assets across Australia and New Zealand. ARIF currently has c.800MW of operating capacity invested across the region and a significant development pipeline.

The Kondinin PPA builds on Foresight’s track record in developing and financing energy infrastructure assets.]

Recent activity across the portfolio includes the Willogoleche 2 project (being developed in partnership with Engie), which secured a 15-year Capacity Investment Scheme (CIS) agreement in November, and the recent investment by ARIF in New Zealand’s NZCE platform.

Foresight’s presence in Western Australia

Foresight is a long-term investor in Western Australia’s energy market, with an established portfolio including the Mumbida Wind Farm, NewGen Kwinana and NewGen Neerabup power stations, and Zenith Energy, which Foresight scaled and developed over five years prior to its successful exit in 2026.