The Waubra Wind Farm is located 35 km north-west of Ballarat and was completed in July 2009. It consists of 128 wind turbines, with associated substations and an operations centre. Each wind turbine has a capacity of 1.5 megawatts (MW), providing a total installed capacity of 192 MW. Waubra is the third largest wind farm in Australia, after Hallett Wind Farm (298MW) and Lake Bonney Wind Farm (279MW).

The green energy generated by the wind farm each year provides electricity for 143,000 households – more than enough to power Ballarat. The Waubra Wind Farm offsets up to 635,000 tonnes of greenhouse gas emissions every year.

Acciona Energy formed a Community Reference Group (CRG) for the construction phase of the Waubra Wind Farm, to provide a regular forum for community input to the project and to facilitate communication between members of the Waubra community and the wind farm project team.

The construction of the Waubra Wind Farm Project received financial assistance as part of the Victorian State Government’s Victorian Renewable Energy Target (VRET).

In July 2011 the Australian Broadcasting Corporation 4 Corners program explored health concerns connected with Australian wind farms in its "Against the Wind" report. The Waubra Wind Farm and the community living around it was featured in the report.