Apple signs massive supply deal with Andrew Forrest-owned wind project

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Apple has signed a major operating agreement for a new 600MW wind farm to be built in North Queensland by renewable energy developer Windlab, now majority-owned by Andrew Forrest’s Squadron Energy.

The deal will see Apple buy 500 GWh per year – starting in 2026 – from the Upper Burdekin wind farm, which Windlab plans to build on pastoral land in the country of Gugu Badhun, about 65 km southwest of Ingham.

It is the first renewable energy project invested in Australia by Apple to treat and offset customer energy consumption, and the second in the world, following a deal announced last month with a 300MW solar farm in Texas. .

The deal will likely account for around a third of the wind farm’s total output.

Apple announced in 2020 that it intended to be “100% carbon neutral” by 2030, including the energy consumption of its devices. It also sources power from an additional 10 GW of renewable energy capacity for its own operations.

“At Apple, we recognize the urgent need to address the climate crisis, and we are accelerating our global work to ensure our products have a net-zero climate footprint throughout their lifecycles,” said Lisa Jackson, vice -president of the environment of Apple. , policies and social initiatives.

“We’re proud to play a part in Australia’s transition to a cleaner energy grid, and excited that Apple will soon support Australian customers’ use of their favorite products with clean energy.”

Squadron Energy purchased its majority 75% stake in Windlab in a tender offer launched with Federation Asset Management in 2020.

Last month, Squadron announced that it had reached an indigenous land use agreement with the Gugu Badhun, the area’s traditional owners and indigenous title holders.

Squadron also has its own significant portfolio, including the huge 3GW wind, solar and battery facility at Clarke Creek in Queensland, which is about to start construction on its first 400MW wind stage.

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