Malaysia-based engineering, property and infrastructure firm Gamuda said its wholly owned Australian subsidiary Gamuda Holdings Pty Ltd has signed a landmark agreement with local Tasmanian landowners to co-develop a portfolio of large-scale renewable energy (RE) projects in Central Tasmania.

The portfolio represents a combined capacity of 600 MW of wind and solar energy generation and up to 600 MW of battery storage (BESS), Gamuda said in a statement on Tuesday.

The portfolio, which currently includes Weasel Solar Farm and Cellars Hill Wind Farm, has been led by prominent Tasmanian landowners, the Downie Family with development partner Alternate Path.

The Downie Family has held pastoral land in Tasmania for over 200 years, and Peter Downie is a respected community member and RE advocate.

As a landowner-led project portfolio, the project planning has been developed in close collaboration with local landowners, community and government to be sensitive to the local environment and deliver local community jobs and benefits, including energy rebates to households within a 12km radius of the portfolio.

Gamuda will take an equity stake in the portfolio to secure development rights for the current and future projects and deliver them under sole-source engineering, procurement, and construction (EPC) contracts.

This will set the company up with a pipeline of energy construction work through to 2029.

The agreement is subject to Foreign Investment Review Board approval.

Gamuda’s Chief Strategy and Growth Officer Jarred Hardman said the Central Tasmania portfolio perfectly fits Gamuda’s energy strategy to become a leading end-to-end renewable energy developer, builder, and owner of energy assets to accelerate Australia’s clean energy future.

This deal represents Gamuda’s first significant investment in RE development in Australia.

This builds upon the firm’s ongoing success of Goulburn River Solar Farm and Boulder Creek Wind Farm in Australia since 2024 where it it delivering a $4.5 billion pipeline, and is supported by its energy experience across a range of projects internationally.

Subject to further planning and development processes and approvals, construction of Weasel Solar Farm is estimated to commence in FY2027 and Cellars Hill Wind Farm in FY2028.

Central to its equity investment in the portfolio, Gamuda said the firm is committed to continue the landowner-led principles of the portfolio which will be delivered in partnership with the Downie Family and Alternate Path.

Peter Downie said the deal was a win-win-win for landowners, the community and Gamuda.

“We have been highly selective in finding the right partner to work with us to develop this portfolio that brings both a financial and technical contribution and is wholly committed to the strong social license and landowner-led principles of these projects,

“We have been in discussion with Gamuda for many months and have seen their genuine partnership approach and commitment to our community values. We’re excited to move forward together to deliver these projects for the benefit of Tasmanians,” he added.

Gamuda has been increasing its capacity and capability in the energy sector over the last 18 months to leverage Australia’s clean energy transition.

The company’s strategy has been to invest in “shovel ready” solar and wind projects while also selectively bidding for EPC contracts in solar, wind, pumped hydro and transmission projects.

The company is currently engaged under early contractor involvement (ECI) agreements for Alinta Energy’s Oven Mountain Pumped Hydro Energy Project in the New South Wales and Copenhagen Infrastructure Partner’s Capricornia Energy Hub in Queensland.


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