Origin Expands Renewable Portfolio with Strategic Yanco Delta Wind Farm Acquisition
12 April 2024 – Origin Energy Limited (ASX: ORG) has executed an agreement to acquire Virya Energy‘s 1.5GW Yanco Delta Wind Farm and 800MWh battery storage project, positioning it as a leader in NSW’s renewable energy transition.
Key Project Details
📍 Location: 33,000-hectare site near Jerilderie, NSW (South West REZ)
✅ Approvals: NSW Development Consent (Dec 2023) + EPBC (Feb 2024)
🔌 Grid Advantage: Adjacent to critical transmission infrastructure
Strategic Benefits
• Accelerates Origin’s renewables pipeline to meet customer demand
• Leverages South West REZ advantages including coordinated infrastructure
• Potential for rapid development with key approvals secured
• Future partnership opportunities for construction financing
Financial Terms
Financial Terms
• Upfront payment: 125milliontoViryaEnergy•∗∗Milestonepayments:∗∗Upto125milliontoViryaEnergy•∗∗Milestonepayments:∗∗Upto175 million contingent on development progress
• Funding: Supported by Origin’s corporate debt facilities
CEO Statement
Frank Calabria, Origin CEO:
“Yanco Delta’s scale, approvals, and REZ location make it uniquely positioned to deliver clean energy quickly. This acquisition aligns perfectly with our strategy to lead Australia’s energy transition while supporting local communities.”
Origin’s Growing Renewable Portfolio
• New England REZ projects: Ruby Hills Wind Farm + Salisbury Solar Farm (1.3GW+)
• Northern Tablelands Wind Farm: 500MW greenfield development
• Battery investments: Eraring + Mortlake large-scale storage
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Energy Planning, We deliver breaking news, expert analysis, and actionable insights on: Renewable Energy Integration – Solar, wind, and storage breakthroughs; Grid Modernization – Smart technologies and infrastructure updates; Climate Policy – COP28 outcomes, carbon markets, and regulatory shifts; Emerging Tech – Hydrogen, CCUS, and AI-driven energy solutions
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