March 18, 2021 Read More →

Spain’s Acciona, Korea Zinc teaming up on 923MW wind farm in Australia

ReNews.biz:

Acciona and international metals group Korea Zinc have reached an agreement to jointly develop the 923MW MacIntyre Wind Farm in Queensland, Australia. MacIntyre is one of the largest renewable energy projects in Australia, and the largest energy project in Acciona’s portfolio.

Under the agreement Ark Energy, a subsidiary of Korea Zinc, will take a 30% stake in MacIntyre Wind Farm, with Acciona retaining 70%. The Spanish infrastructure company will remain responsible for managing the project through its development, construction, operations and maintenance stages.

Acciona has also secured a long-term PPA with CleanCo, Queensland’s newest public electricity company. Under the deal, CleanCo will acquire the annual production from 400MW of Acciona’s facilities for ten years.

MacIntyre Wind Farm will also power Sun Metals Corporation, a Korea Zinc subsidiary in Australia, helping the metals group meet its target of obtaining 100% of its energy from renewables by 2040.

In addition to the MacIntyre project, Acciona will build the 103MW Karara Wind Farm owned by CleanCo. The wind farms are adjacent to each other.

Construction is slated to start in the second half of this year, with the lion’s share of investment in 2022 and 2023. The complex will be fully operational by 2024, Acciona added.

More: Acciona to develop 923MW Australian wind project

Comments are closed.