Atmos Renewables has completed the acquisition of a major portfolio of Australian renewable energy assets from developer BayWa r.e., pushing its operating and in-construction capacity past the two-gigawatt milestone.
The deal expands Atmos’ operational presence to 19 wind, solar, and battery energy storage assets across the country, firmly establishing the company among Australia’s largest renewable energy owner-operators.
The transaction includes two operational solar projects: the 106-megawatt-peak Yatpool Solar Farm in north-west Victoria and the 20-megawatt-peak Hughenden Solar Farm in central Queensland.
Yatpool sits just six kilometres from Karadoc Solar Farm, which Atmos previously purchased from BayWa r.e., while Hughenden operates under a power purchase agreement with state-owned CS Energy.
Beyond operating assets, the acquisition adds the advanced Bullawah Wind Farm project in the Riverina region of New South Wales, alongside several earlier-stage developments across the National Electricity Market (NEM).
The proposed 800-megawatt Bullawah project incorporates 141 wind turbines and a 359-megawatt two-hour battery storage system, with transmission access rights already secured in the South West Renewable Energy Zone for its 262-megawatt second stage.
Atmos Renewables CEO Nigel Baker said the acquisition balances immediate operational growth with the company’s long-term development.
“Yatpool and Hughenden add further diversity to our operating portfolio, while the 262MW Bullawah project positions the company to deliver its first New South Wales wind farm in the near term, given the advanced state of that project and the REZ access rights it holds,” Baker said.
Currently moving through the final stages of the New South Wales planning framework, Bullawah is expected to create up to 380 construction jobs and become investment-ready in 2027.
BayWa r.e. Chief Operating Officer Dr Daniel Gäfke said the successful asset transfer highlights strong market demand for high-quality, investment-ready renewable energy infrastructure in Australia.
Both companies confirmed they are collaborating closely to ensure a seamless transition across existing power purchase agreements, landowner contracts, and community commitments.