EDP Renewables (EDPR), a subsidiary of Portuguese energy company EDP Group, has acquired ITP Development (ITPD), enhancing its footprint in Australia.

With the acquisition, EDPR adds a portfolio of more than 1.5GW, with a focus on wind and solar projects.

The projects, located in New South Wales and Queensland, are at varying stages of development.

They include a 480MW solar photovoltaic system and a 200MW battery energy storage system (BESS) project in Queensland, which will be operational by 2026.

EDPR’s expansion in Australia is a strategic move to leverage the country’s robust growth prospects in renewable energy.

Australia is seen as a market with a solid foundation and depth in renewables, and EDPR aims to utilise its global scale and expertise to maximise the potential of ITPD’s local knowledge.