Spain's Iberdrola to enter Australia with wind, solar power project
MELBOURNE (Reuters) - Spanish power firm Iberdrola SA said on Friday it plans to make its first foray into the Asia-Pacific, building a A$500 million ($343 million) wind and solar farm in Australia. Iberdrola, which up to now has focused on Europe, the United States, Mexico and Brazil, has picked a site in South Australia, Australia's most wind power-reliant state, to build a 320 megawatt hybrid project.
MELBOURNE (Reuters) - Spanish power firm Iberdrola SA
Iberdrola, which up to now has focused on Europe, the United States, Mexico and Brazil, has picked a site in South Australia, Australia's most wind power-reliant state, to build a 320 megawatt hybrid project.
"We have spent several years studying the opportunities in Australia, and we now have a healthy initial pipeline of around 650 megawatts of wind and solar projects that we would like to develop," Iberdrola's director of renewable energy, Xabier Viteri, said in an emailed comment.
The company aims to have the projects up and running by 2021, he said.
Iberdrola joins a range of European companies, including fellow Spanish firm Acciona SA
(Reporting by Sonali Paul; Editing by Kim Coghill)
This story has not been edited by Firstpost staff and is generated by auto-feed.
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