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Govt to privatise renewables

Synergy intends to develop up to 280 megawatts of renewable energy projects in Western Australia by 2020 after the McGowan government approved plans for a private investor to acquire a majority stake in its existing wind farm and solar farm, and in two new projects.

Synergy has not named its private equity partner, but media reports have it as Dutch Infrastructure Fund, a giant entity with a global portfolio of 175 infrastructure assets.

The private investor will buy an unspecified equity stake in Synergy’s Grasmere wind farm at Albany and its Greenough River solar farm near Geraldton.

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Total revenue

1st-Gold Corporation$9.01bn
2nd-GESB$3.38bn
3rd-Synergy$3.13bn
4th-Water Corporation$2.72bn
5th-Western Power$1.84bn
32 state government businesses ranked by total revenue - this year

Number of Employees

State Government Businesses

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