DP Energy and Iberdrola to deliver hybrid project in Australia
DP Energy has partnered with Iberdrola for the development of the 320 MW Port Augusta hybrid wind and solar project in South Australia. Construction on the ground-breaking project is to commence in mid-2020.
The Port Augusta Renewable Energy Park (PAREP) is one of the new generation of renewable projects designed to provide predictable power more uniformly across the day and when complete will be one of the southern hemisphere’s largest hybrid renewable power stations. The project is projected to produce approximately 900 gigawatt hours (GWh) per annum, enough to power around 180,000 households each year, with emissions saving of approximately 400,000 metric tonnes of CO2 annually.
Iberdrola has announced it would invest AUD 500 million (USD 345 million) in the development of the park.
DP Energy CEO Simon De Pietro welcomed Iberdrola’s participation in the project. “We are delighted to have partnered with Iberdrola on this project. The company is a global energy leader with a track record of 31GW of renewable capacity amongst other activities. It’s exciting that they’ve chosen PAREP for their first investment in Australia and we are enthusiastic to see the project commence construction. DP Energy will continue to work with stakeholders and the local community and support Iberdrola through construction and commissioning,” Mr De Pietro said. He went on to explain that PAREP is one of the new large scale projects currently being developed by DP worldwide, including a number of utility scale solar projects in Canada and onshore and offshore wind in Ireland. ‘DP Energy is focused on the delivery of renewable energy when and where it is needed to support the transition to a fossil fuel free future’.
Country Manager Fernando Santa Maria said collaborating with the DP Energy team and securing investment for Iberdrola’s first project in Australia was an important milestone. “A 320MW hybrid wind and solar project is of great significance to our team and we look forward to being involved in South Australia throughout the lifetime of the project,” Mr Santa Maria said.
