Federal Assistant Minister for Climate Change and Energy Josh Wilson has announced the 19 successful projects selected under the Capacity Investment Scheme, with Gamuda Renewable Pty Ltd’s (Gamuda Renewables) two Tasmanian projects amongst the winners.
The Weasel Solar Farm and Cellars Hill Wind Farm were both selected and were the only two Tasmanian projects approved under the scheme. Both projects are being developed by Gamuda Renewables in partnership with renewable energy developer Alternate Path and local landowners, the Downie family. Subject to achieving FID, the construction of the Weasel Solar Farm is expected to begin in early 2027, followed by the Cellars Hill Wind Farm in 2028.
The successful portfolio includes the proposed 200 MW Weasel Solar Farm and the 341 MW Cellars Hill Wind Farm. Both projects will be connected to the existing on-site 220 kV transmission line, and Gamuda Renewables will deliver both projects under Engineering, Procurement, and Construction (EPC) contracts with Gamuda Engineering Pty Ltd.
The Capacity Investment Scheme is the Australian Government’s flagship revenue underwriting scheme, designed to de-risk private investment and accelerate the delivery of renewable energy by providing a government-backed revenue safety net for up to 15 years. This success aligns with Tasmania’s Renewable Energy Transformation Agreement (RETA), which secures approximately 1,200 MW (4.0 TWh) of committed CIS capacity exclusively for Tasmanian projects.
Jarred Hardman, Chief Strategy and Development Officer at Gamuda, expressed excitement at winning two bids in the Capacity Investment Scheme, noting that the outcome reflects the strength of their project pipeline and their long-term commitment to delivering renewable energy infrastructure.
Andrew Clark, Executive Director of Alternate Path, said: “Tasmania has the natural resources, the community values, and the policy framework to be a genuine leader in Australia’s clean energy future. What this CIS success demonstrates is that when projects are built on genuine landowner partnership and community trust, they are more competitive — not less. Together, we are delivering something the Central Highlands community can be proud of for generations. Securing the CIS for both projects also demonstrates the benefits of strategically co-locating solar and wind projects utilising the same connecting point”.
Hardman celebrated the milestone and commented, “Our Central Tasmanian projects represent our first Australian investment, which perfectly fits Gamuda’s renewable strategy to become a leading end-to-end developer, builder, and owner of renewable assets. We are extremely proud to be delivering these high-quality projects to diversify our Australian business and accelerate Australia’s clean energy future.”
Gamuda contributes strong regional expertise in large-scale infrastructure development and project execution, with a 4-gigawatt renewable energy pipeline spanning solar, wind, hydro, and battery storage projects to support long-term energy and water security in Australia and Malaysia. Gamuda Engineering will soon begin construction on Yanara’s Mortlake Energy Hub, based in Victoria.
