The CEFC is investing $147 million to help accelerate development of the 256.2 MW Carmody's Hill Wind Farm (Carmody's Hill WF) in South Australia by Australian renewable energy developer, Aula Energy.
Carmody's Hill WF is located in mid-north SA, 180km north of Adelaide, and a key contributor to the state's efforts to reach 100 per cent renewables by 2027. Aula Energy estimates that it will support up to 200 jobs in the SA region during construction.
South Australia continues to lead our clean energy transition. By supporting new large scale wind generation, the CEFC is helping deliver cheaper, cleaner electricity ahead of the early retirement of coal fired power stations.Joe Harber
CEFC Head of Wind Investment
The wind farm has secured offtake for more than 40 per cent of generation with Snowy Hydro. When operational, its 42 wind turbines will connect into the existing 275kV Davenport to Brinkworth transmission line and produce enough clean energy to power more than 195,000 South Australian homes.
Carmody's Hill WF is the first wind farm to reach notice to proceed where the financing is supported by a Capacity Investment Scheme (CIS) and the first large-scale wind farm in the NEM to reach notice to proceed in 2025.
CEFC Head of Wind Investment, Joe Harber said: "South Australia continues to lead our clean energy transition. By supporting new large scale wind generation, the CEFC is helping deliver cheaper, cleaner electricity ahead of the early retirement of coal fired power stations.
"This is another demonstration of the critical role CEFC finance plays in shaping large scale renewables investment and building investor confidence, drawing in private capital and accelerating construction timelines. The timely development of Carmody's Hill Wind Farm will help deliver reliable, low cost energy for more Australian households and businesses, and contribute to the further decarbonisation of the grid."
According to the Australian Energy Market Operator's Draft 2026 Integrated System Plan, wind generation will remain a cornerstone of Australia's clean energy future, with installed capacity projected to grow from about 12 GW today to 40 GW by 2035 and 57 GW by 2050 under the Step Change scenario.
This expansion is part of a broader transformation that will see total grid scale wind and solar to increase 5-fold by mid-century, supported by significant transmission investment and firming capacity to maintain reliability as coal retires.
Aula Energy is a trusted partner in Australia's clean energy transition, backed by deep expertise and a commitment to deliver shared value for all. Aula Energy CEO Chad Hymas noted the importance of accelerating Australia's clean energy future through strategic collaboration, community first engagement, and the delivery of critical infrastructure that creates local jobs and lasting benefits for communities.
"We're building enduring partnerships to lead Australia's energy transition, faster, smarter, and with shared value for all," Mr Hymas said. "With finance secured and strong delivery partners, we're ready to create lasting value for the Nukunu People, local communities, shareholders, and the sector."
The CEFC continues to back the development of large scale clean energy assets that will help Australia in the race to net zero. Since inception to 30 June 2025, the CEFC has committed $11 billion to the development of wind and solar energy assets, backing the delivery of 6.3 GW in large scale renewable energy capacity and 6.4 GWh in large-scale storage capacity.
Significant investments in large scale wind assets include a $350 million commitment to the Golden Plains Wind Farm in Victoria to crowd in investment from commercial banks and fast track construction of what will be Australia's largest wind farm.
