Origin Energy has expanded its footprint across regional NSW with the acquisition of a renewable energy developer.
Origin on Tuesday announced the purchase of Walcha Energy and its proposed Ruby Hills Wind Farm and Salisbury Solar Farm projects, which would bring more than 1300 megawatts of capacity to the electricity grid.
"The acquisition of Walcha Energy is consistent with Origin's ambition to lead the energy transition," head of energy supply and operations Greg Jarvis said.
The deal at an undisclosed cost follows the 2023 purchase of nearby sheep and beef property Warrane, and increases Origin's interests in the state government's New England Renewable Energy Zone (REZ).
"Origin's portfolio now includes several projects with promising wind and solar resources within the New England REZ, close to recently published transmission line investigation routes," Mr Jarvis said.
The proposed Salisbury project is about 10km south of Uralla, while Ruby Hills is 10km west of Walcha, in the southern part of the zone.
A lease arrangement was in place at Warrane to maintain and manage the property as an ongoing farm, which would continue during the development of a new project - the Northern Tablelands Wind Farm, Origin said.
The company said the immediate focus would be on engaging with landowners and the local community, and completing technical studies.
Local federal MP, the Nationals' Barnaby Joyce, is leading opposition to new energy projects and transmission lines in the area, saying he represents regional concerns.
But many farmers enjoy extra revenue from leasing land for wind turbines and solar panels to be installed, which provides an alternative income stream.
Origin has committed $1 billion to develop two large-scale batteries at the Eraring and Mortlake power stations, which located alongside existing high-voltage lines.
The company is also eyeing potential offshore wind projects in Victoria and off the Hunter coast in NSW.
Australian Associated Press
