Blind Creek solar farm and battery project
Project
Octopus Australia has broken ground on the €540m Blind Creek solar farm and battery project in Bungendore, New South Wales. The project will combine a 300MW solar farm with a 243MW/486MWh battery energy storage system, connecting via a new substation into the transmission backbone between Sydney and Canberra. Construction is being led by EPC contractor GRS, with Wärtsilä Energy Storage supplying the battery system, and the project is backed by investors including Hostplus, Rest, Clean Energy Finance Corporation, Westpac Private Bank, and APG.
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Counterparts (8)
Investor
Hostplus
company
Hostplus is an Australian industry superannuation fund with over A$100 billion in assets under management. It is a significant institutional investor in global infrastructure, with a diversified portfolio spanning transport, utilities, digital infrastructure, and renewable energy across Australia, North America, and Europe.
APG
company · 1 deals
APG is a pension provider working on good pensions in a liveable world. They manage and invest pension funds.
Rest
company
Rest is an Australian superannuation fund managing over $75 billion in assets. It invests globally across a broad range of infrastructure sectors, including transport, digital, utilities, and renewable energy, with a strong focus on responsible investment.
Clean Energy Finance Corporation
company
Australian government-owned green bank established in 2012, committing over A$12.5 billion to accelerate clean energy and infrastructure projects across Australia, leveraging significant private co-investment.
W
Westpac Private Bank
company
Westpac Private Bank is the wealth management and advisory division of Westpac Banking Corporation, one of Australia's largest banks. It provides financial services to high-net-worth individuals and families, leveraging the broader Westpac Group's capabilities in project finance and corporate lending across Australian infrastructure sectors including transport, utilities, digital, and energy transition.
Deal Analysis
Octopus Australia has broken ground on its €540 million Blind Creek hybrid project in New South Wales, integrating a 300MW solar farm with a substantial 243MW/486MWh battery system. This significant development will connect directly into the critical transmission backbone between Sydney and Canberra, enhancing regional grid stability and renewable energy supply. The project is backed by a diverse investor consortium, including pension fund managers like APG, focused on sustainable investments, alongside Hostplus, Rest, and the Clean Energy Finance Corporation. GRS, known for delivering sustainable project outcomes, is leading the EPC work, with Wärtsilä Energy Storage supplying the battery technology.
- €540 million investment in a hybrid solar and battery project.
- Combines 300MW solar with a 243MW/486MWh battery system.
- Direct connection to the Sydney-Canberra transmission backbone.
- Backed by a consortium including APG, Hostplus, Rest, and Clean Energy Finance Corporation.
Source Intelligence
KEY DETAILS
The project will combine a 300MW solar farm with a 243MW/486MWh battery energy storage system. It will connect via a new substation into the transmission backbone between Sydney and Canberra. The project is expected to support up to 300 full-time equivalent jobs at peak construction, with about half sourced from the Bungendore and Monaro regions. It was initiated in partnership with local sheep farmers and has been designed to allow animal production to continue on the land.
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Deal Size
Octopus Australia has broken ground on the € 540m Blind Creek solar farm and battery project in Bungendore, New South Wales.
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Capacity
The project will combine a 300MW solar farm with a 243MW/486MWh battery energy storage system
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Location
Octopus Australia has broken ground on the € 540m Blind Creek solar farm and battery project in Bungendore, New South Wales.
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Announcement
10 March 2026 ... Octopus Australia has broken ground on the € 540m Blind Creek solar farm and battery project
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COD
Blind Creek is scheduled to become fully operational in 2028.
PARTIES MENTIONED IN SOURCE
O
Octopus Australia
developer
"Octopus Australia has broken ground on the € 540m Blind Creek solar farm and battery project"
G
GRS
EPC contractor
"Construction is being led by EPC contractor GRS"
W
Wärtsilä Energy Storage
supplier
"Wärtsilä Energy Storage will supply the battery energy storage system."
H
Hostplus
investor
"project has backing from investors including Australian superannuation funds Hostplus and Rest"
R
Rest
investor
"project has backing from investors including Australian superannuation funds Hostplus and Rest"
C
Clean Energy Finance Corporation
investor
"the Clean Energy Finance Corporation"
W
Westpac Private Bank
investor
"Westpac Private Bank"
A
APG
investor
"Dutch pension fund APG"
high quality
Enriched Mar 10, 2026
Global Infrastructure Sherpa