Iberdrola acquires rights to 1GW onshore wind farm in Australia
25 April 2022
Spanish electric utility firm Iberdrola has acquired the rights to the Mount James wind farm in Queensland, Australia.
The financial details of the deal have not been disclosed by either company.
Located in North Queensland, Mount James is claimed to be the largest onshore wind farm in the world with a capacity of 1GW.
The wind energy project is spread across more than 50,000ha of land area, and has also completed its environmental studies.
In a statement, Iberdrola said: “Environmental studies have been completed on the 50,000ha of the Mount James wind project site, which will allow the wind farm to be designed to avoid environmentally and heritage sensitive areas. In addition, all permits for the construction of the project are being processed.
With this acquisition, the Spanish utility has a portfolio of more than 3GW in the region.
The investment from Iberdrola is expected to support Australia in meeting its economic decarbonisation target of 50% renewable energy by the end of this decade.
Iberdrola also believes that the region has the potential to become a major green hydrogen hub and green materials export corridor.
Related
-
Poland seeks delivery partner for new international airport
27 July 2025
-
South Africa approves six solar projects totaling 1,290 MW
25 July 2025
-
Saudi Arabia Invites PQ for Strategic Reservoirs and Water Transmission Systems on PPP model
25 July 2025
-
Masdar, Iberdrola achieve financial close for $6.1bln East Anglia THREE Offshore wind project
25 July 2025
-
China’s CITIC to Develop Large Soybean, Corn Farms in Angola
25 July 2025
-
MGC, Lantania Consortium awarded $544 million Jubail Desalination Plant Contract
24 July 2025