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Thursday, March 23, 2023

Australian Prime Minister Anthony Albanese personally welcomes Ignacio Gallen in gratitude for Iberdola’s $4,500 million investment

ignacio galan Wants to emphasize that “Iberdrola is ready to invest and contribute with its resources and skills to help foster the new jobs and economic opportunities that a greener and smarter energy system Australia provides” .

“There is a huge global demand from industry for new climate solutions such as Green Hydrogen, Green Ammonia and Green Steel. With abundant natural resources and an energy-efficient workforce to develop these products at scale, as well as established energy business partners With this, Australia can move faster in these new clean economy technologies.”

Leader in Iberdrola, Australia

iberdrola has made a strong commitment to the Australian energy market by 2020 with the acquisition of infigen energyLeading Renewable Energy Company in Australia. The new investment figure is double the 2,000 million it has already invested Iberdrola Australia In projects like Avonly Solar Park and Avonly Wind Farm. Flyers CreekIn new South Walesand renewable energy parks port augustaSouth Australia has the largest hybrid wind-solar park in the Southern Hemisphere.

Similarly, in recent months Iberdrola has acquired the rights to the world’s largest wind farm in Mount James, with a 1,000 MW, 360 MW Broadsound photovoltaic plant in Queensland and has invested in a smart solutions business, autonomous energywhich offers tailor-made energy products for commercial and industrial companies.

iberdrola It has a mature portfolio of development projects over 2 GW and plans to reach 4 GW in the coming years, which will facilitate the consolidation of renewable energy as the main vector of the energy transition.

At present, the company has installed 1,062 MW of renewable energy (wind, solar and battery). In addition, it is building two new facilities with a combined capacity of 391 MW, the commissioning of which is scheduled for 2023.

At the heart of all these investments is a commitment to place customers at the heart of the energy transition by providing reliable, affordable and green energy. The industrial customers the company serves include some of Australia’s most prestigious brands, such as mining company BHP and supermarket chain Woolworths.

Earlier this year, Iberdrola built its network business in Australia, noting that the country’s electricity network, primarily transmission infrastructure, needs to be broadened to capture wind and solar resources and transport energy to population centers located on the coast. will have to be expanded. Initiatives by federal and state governments to develop new renewable generation and transmission projects have created an environment of confidence for foreign investment.

In addition, it is analyzing a series of investments in green hydrogen. Worldwide, Iberdrola is a leader in green hydrogen, with sixty ongoing projects in 8 countries, including the recent completion of the largest green hydrogen industrial plant. europa in Spain.

Australia, a growing market

in the electricity market Australia It is undergoing a profound transformation from a centralized generation system based on large fossil fuel installations (coal and gas) to a distributed generation system, basically wind and solar power.

The biggest challenge facing the country is the transition of the power system to deal with the greater proportion of renewable energy. This challenge in turn presents tremendous opportunities to help companies manage their energy costs as well as capture new sources of growth.

The vast portfolio of renewable energy and storage projects includes strong residential demand for solar and battery technology. The key leverage is to upgrade transmission and distribution networks and reduce the cost of storage technologies to ensure continued robust growth in renewable capacity.

Additionally, opportunities for the economy are emerging as the country embraces innovation in new areas such as green hydrogen, ammonia and green materials, as well as offshore wind and storage.

World Nation News Desk
World Nation News Deskhttps://worldnationnews.com/
World Nation News is a digital news portal website. Which provides important and latest breaking news updates to our audience in an effective and efficient ways, like world’s top stories, entertainment, sports, technology and much more news.
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