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Iberdrola has completed construction of the first wind turbine at its AUS$500 million 317 MW hybrid wind and solar Port Augusta Renewable Energy Park in South Australia.
The landmark moment sees the completion of the first of 50 Vestas wind turbines that will be installed on the site, each with a capacity of 4.2 MW. The project will also include the installation of nearly 250 000 Longi solar PV panels. Installation of the wind turbines and solar panels is expected to be completed before the end of 2021.
Ross Rolfe, CEO of Infigen Energy, part of the Iberdrola Group “We are delighted to achieve this milestone at the Port Augusta Renewable Energy Park. The project creates approximately 200 jobs during construction and around 20 full time roles during commercial operation. The park’s renewable electricity output will be enough to power 180 000 households each year. Investing in this project is part of Iberdrola’s ambitious growth strategy in Australia, one that pu
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15 March 2021
Australian-New Zealand renewables developer Tilt Renewables is to be taken private after agreeing to joint $2.75 billion by the AGL Energy backed Powering Australian Renewables fund and New Zealand utility Mercury NZ.
Through the deal, the Tilt Renewables business will effectively be split up, with the Australian and New Zealand parts of the business, which are listed across the respective Australian and New Zealand stock exchanges, being acquired by different members of the takeover consortium
The takeover offer for Tilt’s Australian business has been launched by Powering Australian Renewables, a partnership between energy giant AGL Energy (20 per cent), Queensland government-owned investment group QIC (40 per cent) and the federal government’s Future Fund (40 per cent).
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