Construction is being delivered by DT Infrastructure, the Australian subsidiary of Malaysian contractor Gamuda. The projects are targeting commercial operations in 2028.
Last month, Edify reached financial close on both projects, backed by a consortium of 14 domestic and international lenders and supported by shareholder La Caisse, the Canadian institutional investor that acquired Edify in a AU$1.1 billion (US$780 million) transaction.
The projects are underpinned by a 20-year hybrid services agreement with Rio Tinto, under which the mining company will purchase 90% of the power and storage capacity to supply its Gladstone aluminium operations with lower-carbon firmed electricity.
Both projects have also secured long-term underwriting through the federal government’s Capacity Investment Scheme, adding a second revenue backstop alongside the Rio Tinto offtake.
The combination of CIS underwriting, a 20-year corporate offtake, and now a confirmed battery supply agreement from CATL completes the key commercial and technical building blocks needed to advance construction at scale.
