Approach
How we develop.
We originate around land, grid and demand together, and develop them as one, so a project has a commercial rationale from the first week.
What defines a project
Land, grid and demand.
A viable energy project needs more than a good site. It needs land that can be secured, a credible pathway to connection, and a customer or market for the energy it will produce.
We assess these fundamentals together from the outset. The objective is not simply to secure a site and progress approvals, but to understand what can be developed, who needs it, and what will ultimately make the project investable.
Where we work
We originate around infrastructure and demand.
A site is worth taking a position in when transmission capacity, land that can be secured and a customer for the energy can be brought together in the same place. There are three ways we find them.
- Planned transmissionCorridors where an augmentation is committed and a date is attached. An announcement on its own is something we monitor.
- Major energy usersLoads large enough to underwrite a project, with the development built around the customer from the start.
- Positions already heldLandowners, originators and partners who control a strategically located site and need the capability to carry it further.
Transmission through grazing country
What we screen for
The six tests a site has to pass.
Each is priced separately, and a project can be sound on five and dead on the sixth. Most of the first year is finding out, as cheaply as possible, which one it is.
Connection
Proximity to transmission, and capacity that survives a connection study.
Land
Land that suits the technology, on tenure that will hold for the life of the asset.
Approvals
Planning, environmental and cultural heritage constraints, and whether any of them is fatal.
Demand
Energy demand in the region today, and the demand the corridor is being built for.
Route to market
Offtakers who would contract, and the shape of the contract they would sign.
Financeability
Whether the result can carry debt and equity on terms a lender will accept.
What development creates
Development turns uncertainty into value.
The value of a development project increases as the key uncertainties around land, connection, approvals, revenue, delivery and capital are resolved. Our role is to work across these elements together and progressively turn an opportunity into an investable project.
Neither axis carries a scale. The shape is what matters: value accrues as each uncertainty is retired. What each milestone actually creates is set out below.
Land secured
Control of a suitable site on terms that support the proposed development and its long-term economics.
Grid pathway established
A credible connection solution, supported by the technical work required to understand capacity, cost and timing.
Planning pathway established
A clear approvals strategy, with the key environmental, planning and stakeholder constraints understood and progressively resolved.
Revenue pathway established
A defined route to market, with customer engagement and offtake progressed early enough to influence project design and commercial structure.
Structured for investment
A coherent project combining revenue, costs, risk allocation, delivery strategy and capital requirements that can withstand investor and lender diligence.
Ready for investment and delivery
A project with the key development risks sufficiently resolved to attract capital and progress toward construction.
Market
New build has fallen to one of its lowest levels in a decade.
Just 2.3 gigawatts of new renewable generation reached financial close in Australia in 2025, down 46 per cent on the year before, while renewables supplied 42.7 per cent of electricity. The shortage is in projects that have cleared land, grid, planning and revenue, and that is the part we do.
Source: Clean Energy Council, Clean Energy Australia 2026.
Talk to us about a project
If you are holding something early, we will tell you quickly whether there is a development pathway.