Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

BRIEF-Acciona Partners With Korea Zinc To Build Macintyre Wind Farm In Australia

Published 17/03/2021, 05:14 am
Updated 17/03/2021, 05:18 am
© Reuters.

March 16 (Reuters) - Acciona SA ANA.MC :

* SAYS WITH INTERNATIONAL METALLURGICAL GROUP KOREA ZINC CO. HAVE REACHED AN AGREEMENT TO JOINTLY DEVELOP 923MW MACINTYRE WIND FARM IN QUEENSLAND

* SAYS WILL OWN 70% OF PROJECT, WHICH WILL SUPPORT AGREEMENT TO SELL THE 400MW OUTPUT TO CLEANCO, QUEENSLAND'S PUBLIC UTILITY

* HAS SECURED A LONG-TERM POWER PURCHASE AGREEMENT (PPA) WITH CLEANCO WHICH WILL ACQUIRE ANNUAL PRODUCTION FROM 400MW OF CO´S FACILITIES FOR TEN YEARS

* CONSTRUCTION OF THE WIND FARM COMPLEX IS SCHEDULED TO BEGIN IN THE SECOND HALF OF 2021

* THE TWO PROJECTS WILL JOINTLY MOBILISE INVESTMENTS OF AROUND AU$2 BILLION (1.3 BILLION EUROS)

* THE PROJECTS WILL BE KEY TO THE STATE OF QUEENSLAND'S GOAL OF ACHIEVING 50% SHARE OF RENEWABLE ENERGY IN ITS ELECTRICITY CONSUMPTION BY 2030

* SAYS THE COMPLEX WILL BE FULLY OPERATIONAL BY 2024

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.