Symal secures Notice to Proceed on $366 million Gawara Baya Wind Farm contract
Symal Group (ASX: SYL) has received a Notice to Proceed on the Gawara Baya Wind Farm (GBWF) in North Queensland, with works commencing immediately. The head contract is now valued at $366 million, an increase of $19 million on the original $347 million contract value, reflecting final refinements to the scope of works.
All outstanding conditions precedent have been satisfied, and the associated works are expected to take approximately 24 months to complete.
Symal first announced the award of the conditional contract on 21 February 2025. Today’s development marks the conversion of that conditional award into a firm commencement rather than a new contract win.
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What the contract uplift and commencement mean
The Notice to Proceed transforms a previously contingent award into secured, multi-year workflow. For investors, this removes the conditionality that surrounded the original award and provides visibility over an extended build period.
The $19 million increase in head contract value stems from final refinements to the scope of works, lifting the total from $347 million to $366 million.
| Metric | Detail | Investor significance |
|---|---|---|
| Original contract value | $347 million | Baseline scope announced February 2025 |
| Revised head contract value | $366 million | $19M uplift from scope refinements |
| Timeline | ~24 months | Multi-year revenue visibility |
| Status | Notice to Proceed, works immediate | Conditional award now firm |
With works commencing immediately, the confirmed start de-risks a contract that had previously been contingent on outstanding conditions being met.
Inside the Gawara Baya Wind Farm project
Symal’s scope on the project is the civil balance of plant (CBoP). In a wind farm build, balance-of-plant civil works cover the ground-level infrastructure that supports the turbines, such as access roads, foundations, hardstands, and drainage, rather than the turbines and electrical generation equipment themselves.
The wind farm is located on an active cattle property within Gugu Badhun Country in North Queensland, approximately 180km northwest of Townsville, in close proximity to existing transmission infrastructure.
According to the company, the project has the capacity to displace approximately 1.3 million tonnes of carbon dioxide emissions every year, providing clean power to Australian homes.
Project quick-facts:
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Location: Active cattle property within Gugu Badhun Country, North Queensland
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Distance from Townsville: Approximately 180km northwest
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Symal’s scope: Civil balance of plant (CBoP)
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Emissions displaced: Approximately 1.3 million tonnes of carbon dioxide per year
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Contract duration: Approximately 24 months
Why this strengthens Symal’s investment case
The contract reinforces Symal’s renewable energy track record, an area management notes is already a significant part of the business. It also strengthens the Group’s position in Queensland, a state the company has identified as a target for continued growth.
Symal’s record FY26 revenue of $1.135 billion, reported in August 2026, was driven in part by the group’s expanding renewable energy workload, with the Gawara Baya contract adding to a project base that underpins FY27 EBITDA guidance of $153 million to $163 million.
Management points to the value of early contractor involvement, noting that extended collaboration with the client enabled the outcome.
Joe Bartolo, Group Managing Director, Symal
“This project demonstrates the value of early contractor involvement. We’ve been working alongside the client for an extended period, understanding the site and what it takes to build here, and that work has made today possible. Renewable energy is already a big part of what we do, and Gawara Baya adds to a track record we’re incredibly proud of. It also strengthens our position in Queensland, a state we’ve said we want to continue growing in. It’s the kind of project our team is built for, and we’re ready to get moving.”
With works commencing immediately over an approximately 24-month build, the confirmed commencement provides Symal with defined near-term workflow on a project it has been engaged with since early 2025.
Symal is a diversified services provider founded in 2001 and headquartered in Melbourne, delivering contracting and specialised technical services across Australia’s critical industries, including infrastructure, energy, utilities, digital infrastructure, defence, building and facilities.
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