Iberdrola SA has accomplished an settlement to purchase Victoria state’s 242-megawatt (MW) Ararat Wind Farm from OPTrust and Companions Group.
Ararat, operational since 2017, turns into the Spanish energy and fuel utility’s largest wind farm in Australia and its first owned era asset in Victoria, it stated in an internet assertion.
“With this operation, the Group now has a presence in 5 states throughout the nation: New South Wales, South Australia, Victoria, Queensland and Western Australia”, Iberdrola stated.
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The corporate plans to speculate over EUR 1 billion ($1.17 billion) in Australia by 2028, a part of an enlarged funding package deal it introduced September 24, 2025.
“This acquisition reinforces Iberdrola’s skill to produce its enterprise prospects portfolio with personal era whereas additionally promoting a good portion of its output via energy buy agreements, offering predictable money flows in a state focusing on 95 % renewable vitality by 2035”, the assertion stated.
“Iberdrola has turn into one of many vitality leaders within the Australian market with greater than 2,500 MW of put in capability, primarily distributed amongst onshore wind farms, photo voltaic vegetation and batteries.
“The corporate has additionally just lately entered the nation’s grid enterprise with VNI West (Victoria to New South Wales Interconnector West), a key infrastructure challenge that can join the states of Victoria and New South Wales”.
Earlier this yr Iberdrola began up the 65-MW Smithfield battery vitality storage challenge in Sydney, in a position to provide 20,000 properties.
Saying the milestone February 5, Iberdrola stated it has additionally secured a contract from the New South Wales authorities for an additional battery vitality storage challenge with a 100 MW capability. The Kingswood challenge “will be capable of provide vitality for at the very least eight consecutive hours and provide some 65,000 properties at peak demand instances”, Iberdrola stated.
Final yr Iberdrola purchased the 270-MW Tungkillo battery vitality storage challenge in South Australia from RES Australia.
The challenge “has all the important thing approvals and really superior connection rights, along with the land already secured”, Iberdrola stated October 15, 2025. It expects to speculate EUR 275 million within the challenge, which it goals to start out up by 2028.
“The Australian system requires a major improve in battery storage capability to combine the brand new renewable capability and convey flexibility to the system”, Iberdrola stated. “The placement of the Tungkillo challenge, within the south of the nation, is perfect for offering this service.
“Within the case of Iberdrola Australia, the storage programs present backup capability for its portfolio of vitality gross sales contracts to prospects”.
To contact the writer, e-mail jov.onsat@rigzone.com
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