Symal Group Secures $366 Million Contract for Gawara Baya Wind Farm
Symal Group has received the green light to commence work on the $366 million Gawara Baya Wind Farm project in North Queensland, marking a notable expansion in its renewable energy footprint and Queensland presence.
- Contract value rises to $366 million
- Project to span approximately 24 months
- Civil balance of plant works scope
- Expected to cut 1.3 million tonnes of CO2 annually
- Strengthens Symal's Queensland market position
Notice to Proceed Triggers Project Start
Symal Group Limited (ASX:SYL) has officially received the Notice to Proceed for the Gawara Baya Wind Farm (GBWF), unlocking the start of construction activities immediately. This milestone follows the fulfilment of all outstanding conditions precedent, effectively moving the project from planning into execution.
The contract value underpinning Symal’s role in the project has increased by $19 million to $366 million, reflecting final refinements in the scope of works since the original $347 million award announced in February 2025. The company expects the civil balance of plant (CBoP) works to take roughly 24 months to complete.
Project’s Environmental and Regional Significance
Located on an active cattle property within Gugu Badhun Country about 180km northwest of Townsville, the wind farm is positioned close to existing transmission infrastructure, facilitating efficient integration into Queensland’s grid. Once operational, GBWF is projected to displace approximately 1.3 million tonnes of carbon dioxide emissions annually, contributing to Australia’s renewable energy transition.
Symal’s Group Managing Director Joe Bartolo highlighted the strategic importance of early contractor involvement, noting that the extended collaboration with the client and detailed site understanding have been critical to reaching this stage. Bartolo also emphasised the project’s alignment with Symal’s growing renewable energy portfolio and its ambitions to deepen its footprint in Queensland.
Symal’s Position in a Growing Market
This contract win adds to Symal’s momentum after a record FY26, where the company reported $1.14 billion in revenue and set FY27 EBITDA guidance between $153 million and $163 million. The Gawara Baya project complements recent strategic moves, including acquisitions that have expanded Symal’s geographic and sector reach.
While the filing does not provide detailed financial guidance on the project’s earnings impact, the contract’s scale and duration suggest it will be a significant contributor to Symal’s civil infrastructure workload over the next two years.
Bottom Line?
Symal’s green light on Gawara Baya cements its role in Queensland’s renewable energy build-out, but investors will watch for execution milestones and earnings contributions.
Questions in the middle?
- How will the $19 million contract increase affect Symal’s project margins?
- What are the key risks in delivering civil balance of plant works in remote North Queensland?
- How might this project influence Symal’s strategy for further renewable energy contracts?
