• The plant, which will be one of the largest in the world, will produce 300,000 tonnes of green methanol for use as marine fuel.
• For the development of the project, which is supported by the Australian government, the company is partnering with ABEL Energy.

 60 renewable and green H2 initiatives in eight different countries. Its goal is to reach 35,000 tonnes of hydrogen per year by 2025 and more than 350,000 tonnes per year by 2030. To this end, the company has a project portfolio of 2,400 MW in different regions, mainly in Spain, the United States and Australia.

As it did with renewables 20 years ago, the company has become a ‘first mover’ in this new technological challenge that involves the production and supply of green hydrogen. Iberdrola is thus at the forefront of this new renewable revolution, supporting industry in reducing its polluting emissions.

The use of hydrogen should focus on applications where there are no other alternatives. That is, for the replacement of grey hydrogen (produced from fossil fuels) with green hydrogen (produced by renewables) in sectors where it is currently used, such as fertilisers, methanol or refineries.

See related article: Iberdrola and UNICEF Team to Promote Social and Labor Inclusion of Young People

LEADER IN AUSTRALIA

Iberdrola has made a strong commitment to the Australian energy market from 2020 with the acquisition of Infigen Energy, Australia’s leading renewable energy company. The company will invest between 2 and 3 billion euros in Australia with the aim of boosting the switch to renewables in the country and reaching 4,000 MW in the coming years. 

The bid adds to the $2 billion invested by the company so far in projects such as the Avonlie solar farm and the Flyers Creek wind farm in New South Wales, and the Port Augusta renewable energy farm in South Australia, the largest hybrid wind-solar farm in the southern hemisphere.

Iberdrola acquired in the first half ot his year the rights to the world’s largest wind farm at Mount James, with 1,000 MW, the 360 MW Broadsound photovoltaic plant in Queensland and has invested in a smart solutions business, Autonomous Energy, which offers tailored energy products for commercial and industrial companies.

The company has currently installed 1,122 MW of renewables (wind, solar and batteries). In addition, it is building two new facilities with a combined capacity of 391 MW, which are scheduled for commissioning in 2023.

Underlying all these investments is a commitment to put customers at the heart of the energy transition, providing them with reliable, affordable and environmentally friendly energy. Industrial customers served by the company include some of Australia’s most iconic brands, such as mining company BHP and supermarket chain Woolworths.

Earlier this year, Iberdrola set up its networks business in Australia, as the country’s electricity grids, mainly transmission infrastructure, will need to be dramatically expanded to capture wind and solar resources and transport power to coastal population centres. Federal and state government initiatives have created a climate of confidence for foreign investment to develop new renewable generation and transmission projects.