Gaw Capital Partners acquires controlling stake in Climate Capital to expand Australian solar and battery storage portfolio

Type: Acquisition · Technology: Solar, Storage · Country: Australia · Value: $35.6B · Announced: 2026-05-12

Hong Kong-headquartered private equity firm Gaw Capital Partners acquired a controlling stake in Australian renewables developer Climate Capital, marking a strategic expansion into the country's energy transition market. The transaction positions Climate Capital for accelerated growth, with Gaw Capital's USD 35.6 billion in assets under management providing capital to deploy across a USD 200 million pipeline of solar and battery energy storage projects. Climate Capital, headquartered in Hobart, Tasmania, previously focused on mid-scale behind-the-meter solar projects ranging from 1 MW to 5 MW, but will now target sub-1 MW commercial and industrial projects, as well as larger-scale solar farms between 1 MW and 30 MW paired with 5 MWh to 80 MWh battery energy storage systems. Shane Bartel, Climate Capital's CEO, highlighted the company's four operating solar farms as core assets, with immediate expansion plans targeting the 2.5 MW Boonanarring Solar Farm in Western Australia and the 2.32 MW Junee Solar Farm in New South Wales, alongside battery storage integrations at existing sites. Gaw Capital's existing Australian platform, Valent Energy, develops over 2 GW of grid-scale solar and battery projects, creating complementary expertise between the two entities in distributed and grid-scale segments of Australia's renewable energy sector.

Counterparties

Source article