PORT AUGUSTA PROJECT
Port Augusta: our first big renewables project in the Australian market
Iberdrola group is working on what will be its first large renewable energy development in Australia: the Port Augusta complex. This is a hybrid facility which will include a wind farm and a photovoltaic plant providing a total installed capacity of 320 MW. This project marks the culmination of the company's entry into the Australian market.
State of South Australia (Australia)
Total installed capacity
310 million euros
Iberdrola group is putting the final touches to its entry into a new energy market, Australia, which has significant potential for renewable energy projects, most notably wind, solar, hybrid and storage solutions.
Within this framework, the company is negotiating with a number of contractors for the main supplies and services associated for its first large-scale renewable energy development in the country, Port Augusta, a hybrid project which will include a wind farm (210 MW) and a photovoltaic plant (110 MW) providing a total of 320 megawatts (MW) of installed capacity.
The complex, to be built in the state of South Australia, will involve an investment of 500 million Australian Dollars (over €310m) and could come into operation sometime in 2021.
Port Augusta forms part of Iberdrola's portfolio of projects in the country, which totals some 650 MW of energy and includes wind and solar facilities in Queensland and South Australia.
The company has recently launched a friendly takeover bid for Australian renewables company Infigen Energy.
The acquisition of Infigen is a unique opportunity for Iberdrola to consolidate its presence in the attractive Australian renewable energy market through a friendly transaction. Infigen will allow the Iberdrola group to add critical mass to its existing Australian platform.