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

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

Published Mar 17, 2021 05:14

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

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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

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