Iberdrola controls 98.25 % stakes in Infigen Energy
Iberdrola has acquired 98.25 % stakes in the Infigen Energy. Iberdrola now operates more than 800 MW of solar, wind, and storage batteries in the country and has a significant portfolio of projects, of which 453 MW are under construction and more than 1,000 are in various stages of development.
Infigen has seven operational wind farms totaling over 670 MW, as well as a wind and solar project portfolio of 1,000 MW. The company also has another 560 MW in operation through various proprietary, leased, and capital-lite assets, which includes the power obtained through four PPAs (245 MW) and energy storage batteries (75 MW). That 75 MW includes the 25 from the battery which is already manages in the Lake Bonney wind farm in Southern Australia and a further 50 which it is to operate in the Wallgrove substation in New South Wales, through an agreement signed with the local distributor TransGrid.
The off-market takeover sale of the interest of Infigen was AUD0.92 (US$0.65).
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