Iberdrola secures 19.9% of Infigen from UAC Energy
Iberdrola has acquired the 19.94% stakes in Infigen Energy Ltd. from Philippine UAC Energy Holding, a joint venture of Ayala Corporation’s AC Energy and the Hong Kong-based UPC Renewables Group.
UAC Energy has sold the deal to Iberdrola for around AUD25 million (US$18 million). Iberdrola Renewables Australia Pty has also extended the acquisition of Infigen securities for minority shareholders for AUD 0.92 (US$0.67) until September 23, 2020. The minorities hold 3% shares.
Infigen is an Australian renewable energy operator that operates onshore wind energy, solar projects, and energy storage facilities.
Country updates
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September 11, 2020
Neoen awarded 14-year contract for 100 MW of Goyder South hybrid power project in South Australia
Neoen has been awarded a 14-year contract for the first 100 MW of wind energy from Neoen’s Goyder Renewables Zone located in South Australia after winning the highly competitive process. ...
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September 10, 2020
MAPFRE, Abante launches fund to invest in MIRA's fund
Spanish insurer MAPFRE and its strategic partner Abante have launched an infrastructure fund of at least EUR200 million (US$236.10 million) to invest in Macquarie Infrastructure and Real Assets&r...
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September 09, 2020
Naturgy, Kuwait Investment Authority to build 218 MW wind project in Victoria
Snowy Hydro and GPG, a joint venture of Naturgy Energy Group, SA (75%), and the Kuwait Investment Authority (25%), is set to build a 218 MW wind farm located at Victoria State, approximately 300 km fr...
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September 03, 2020
Neoen completes 50% expansion of Hornsdale Power Reserve
Neoen one of the world’s leading and fastest-growing producers of exclusively renewable energy has completed its 50% expansion of Hornsdale Power Reserve (HPR). The 50 MW addition takes the worl...
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September 03, 2020
BHP offtakes power from 400 MWp Western Downs Green Power Hub in Queensland
BHP, through Cleanco, has agreed to a 5-year offtake of power from Neoen's Western Downs Green Power Hub in Queensland, Australia. The power will supply BHP's coal mining operations in the area. The...
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