Wednesday, December 07, 2022

Iberdrola will invest between 2,000 and 3,000 million in Australia in the coming years

Iberdrola will invest between 2,000 and 3,000 million in Australia in the coming years

Iberdrola will invest between 2,000 and 3,000 million euros in Australia, aiming to reach 4,000 megawatts (MW) in the coming years in the country, where it has already invested 2,000 million euros, the company reported on Monday. was.

The announcement was made by Iberdrola President Ignacio Sánchez Galán, who today embarked on a visit to Melbourne in which he will meet with those responsible for energy policy in Australia and visit the many renewable projects the company is undertaking in the country. ,

Sánchez Galán met this morning with the Premier of the State of Victoria, Daniel Andrews, and the Minister of Energy, Environment, Climate Action and Solar Home Affairs, Lily D’Ambrosio, as well as staff from the Iberdrola office in Melbourne. Iberdrola acquired Australian renewable energy company Infigen Energy in 2020.

In addition, it has committed more than Australian $1,000 million (about €700 million) in new renewable projects such as the Avonly Solar Park in the south-west of New South Wales; The Flyers Creek Wind Farm, in the same state, and the Port Augusta Complex, in South Australia, are the largest hybrid wind-solar farms in the Southern Hemisphere.

Iberdrola has also acquired the rights in recent months to the Mount James wind farm, which has 1,000 MW and according to the company is the largest in the world; as well as a 360 MW Broadsound photovoltaic plant in Queensland, and has invested in the autonomous energy smart solutions business, offering bespoke energy products to commercial and industrial businesses.

The company, headed by Ignacio Sánchez Galán, has a mature portfolio of over 2 gigawatts (GW) of projects under development in Australia.

Iberdrola has installed 1,062 MW of renewable energy (wind, solar and battery) in the country and is building two new facilities with a combined capacity of 391 MW, starting in 2023.

The company serves industrial customers including mining company BHP and the Woolworths supermarket chain.

Beginning in 2022, Iberdrola built its network business in Australia, a country that has expanded its electricity network, primarily transmission infrastructure, to capture wind and solar resources and to transport energy to population centers located in the coast. Will happen.

The opportunities Australia offers for renewable energy are an attraction for companies in the region.

Naturgy announced last week that construction of its world’s first hybrid photovoltaic technology and battery storage project would begin in Australia in the last quarter of this year with an investment value of €160 million.

The Cunderdin project is also Naturgy’s first solar project in Australia, and will have a capacity of 125 MW and a battery energy storage system of up to 220 MW.

Also last week, Acciona Energy signed a power purchase agreement (PPA) to supply 68 gigawatt hours (GWh) of electricity per year to Barwon Renewable Energy Patnership (BREP), a group made up of companies that manage the services. announced to do. In terms of transport, health and water in Victoria (Australia).

The 10-year PPA comes into force on 1 December and electricity will come from the Mount Gellibrand wind farm, located south-west of Victoria, with the capacity to supply 90,000 megawatts (MW) of installed electricity. Australian house.

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