Origin restarts equity raising for Yanco Delta wind farm
- Barrenjoey Capital soft-launches equity raise again for 1.5 GW Yanco Delta wind farm
- Origin progressing pre-final investment decision development activities
- FID likely in mid-2027
Origin and its advisers have recently restarted a process to sell a pre-construction majority stake in the 1.5 GW Yanco Delta wind farm in New South Wales, three sources familiar with the matter said.
Barrenjoey Capital began sounding out the market on the deal last year and was due to launch the process by around August, Infralogic reported in July 2025. The process was subsequently delayed, sources said previously.
In recent weeks, they have started reaching out to investors again, the sources said, although one said it was only in a limited way.
In July last year, Infralogic reported that Origin was looking to sell 80% of the equity in the AUD 5bn (USD 3.5bn) project, with 70% of the total cost expected to be financed with debt. Origin would remain as the power offtaker.
In August 2025, Infralogic reported the debt raising was not expected to begin until the end of 2026.
In February, at its half-year financial results briefing for the six months through December, Origin said it was “progressing pre-[final investment decision] development activities” on Yanco with FID not expected until mid-2027.
The wind farm is located in the New South Wales’ South West Renewable Energy Zone (SW REZ) about 800km west of Sydney. The project secured full access rights to the SW REZ in April 2025. The SW REZ includes a new electricity interconnector linking NSW and South Australia. An additional grid connection is planned to Victoria.
ICA Partners is also advising on the financing, as reported.
A spokesperson for Origin declined to comment.