Reported by the Editorial Team
A friendly takeover bid in 2020 for the renewable energy company Infigen Energy marked the start of the energy company’s activities in Australia. Since then, the country has established itself as one of the markets in which Iberdrola has shown the clearest commitment. In the last month, the Spanish company has achieved two new milestones there.
I1berdrola has submitted a proposal to the Australian Government to develop a 1,000-megawatt battery, which would be the group’s largest battery storage system, and has been awarded a long-term contract for the recently acquired 270 MW Tungkillo battery project, according to the online newspaper elEconomista.
In mid-May, Iberdrola submitted plans to the Australian authorities to obtain an environmental licence for the development of the Burrenbring project, a 1,000 MW mega-battery located in the Isaac Regional Council area in Queensland, with a storage capacity of up to 2 or 4 hours, which in terms of output would be equivalent to 2,000 or 4,000 megawatt-hours. By way of comparison, the largest battery installed in Spain to date, in Cáceres, has a capacity of 58 MW of power and 120 MWh of storage capacity, i.e. eight times less than what is planned in Australia.
Meanwhile, the electricity company has secured a contract for difference from the Australian government for the 270 MW Tungkillo battery project, which was acquired last October from RES for €275 million. With a capacity of 4 hours, the infrastructure will be able to supply energy for at least eight consecutive hours and power around 65,000 homes at times of peak demand.
