February 25, 2026
Tarong West wind farm developer RES announced on Wednesday evening that a new equity partner had come on board to support the Ironpot project.
This follows the announcement by Stanwell earlier in the day that it had relinquished its option to take 100 per cent ownership of the project.
Global company Innagreen Investments has been confirmed as the new investor in what will be one of Queensland’s largest renewable energy projects.
While Innagreen has replaced Stanwell under the option arrangements, Stanwell has retained exclusive rights to negotiate long-term commercial offtake arrangements for power from the project.
Innagreen will now partner closely with RES to progress the project through financing, construction and long-term operations.
The two companies have a longstanding relationship, with a common ownership and a leadership team bringing more than 100 years combined of renewable energy experience.
Together, the two organisations have delivered and operate renewable energy projects across the world, including the 100MW Hilda Wind Farm and 200MW Bekevar Wind Farm in Canada.
They are also progressing the development of a 39MW wind farm in Northern Ireland.
An RES spokesperson said the Tarong West Wind Farm would generate significant economic benefits for the region by creating construction and long-term operational jobs.
Innagreen said its approach to investment was grounded in long-term ownership and engagement with local communities, responsible development and collaboration with experienced partners.
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