The biggest green utility, Acciona is worried about Australia’s uncertain energy future and climate policy that they are pledging $600 million for new solar, wind and battery storage plants with 3-4 years as reported by The Australian Financial Review.
Acciona boss Rafael Mateo said that it would capture 1/3 of the international player’s investment budget over the said period. He ignored any other concerns about the political gripes that are affecting the Turnbull government and the uncertainty in the regulatory framework for future energy investments.
Acciona is expecting more than double its renewable generating capacity in Australia by 2020 and providing an additional 500 megawatts of power as stated by Acciona managing director, Brett Wickham.
Acciona power assets in Australia include:
- Wind farms in Victoria, New South Wales and South Australia
- Currently building a $258 million, 132 megawatt Mt Gellibrad wind farm located in Victoria