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March 17, 2021

Acciona and Korea Zinc partner to develop 923MW wind farm in Australia

Spanish utility Acciona and Korea Zinc have agreed to jointly develop the 923MW MacIntyre wind farm in Queensland, Australia.

By Umesh Ellichipuram

Spanish utility Acciona and Korea Zinc have agreed to jointly develop the 923MW MacIntyre wind farm in Queensland, Australia.

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Delve into the renewable energy prospects for Morocco

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Under the deal, Korea Zinc’s subsidiary Ark Energy will acquire a 30% stake in the wind farm.

Acciona will retain the remaining 70% and take responsibility for management of the project including its development, construction, operations and maintenance.

Acciona chairman and CEO José Manuel Entrecanales said: “Having Korean Zinc as a partner in this landmark project is a privilege and marks a milestone in MacIntyre’s development.

“Our companies share a common goal to pioneer clean energy and this partnership is the perfect example of how two companies from different sectors can work together to deliver flagship renewables infrastructure.”

Located south-west of Warwick, Acciona has started development of the MacIntyre wind complex in partnership with Australian state-owned electricity generator CleanCo.

Under a ten-year power purchase agreement, CleanCo will gain an annual production of 400MW from Acciona’s facilities.

MacIntyre wind farm will also supply power to Korea Zinc’s subsidiary Sun Metals in Australia. This will help Korea Zinc meet its target of using only renewably-generated power by 2040.

Construction work on MacIntyre wind farm will begin in the second half of this year. The wind farm complex will become operational in stages, finishing by 2024.

Acciona will also construct the 103MW Karara Wind Farm, owned by CleanCo.

The MacIntyre and Karara complex together will power nearly 700,000 homes, avoiding approximately three million tonnes of CO₂ emissions annually.

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Free Report
img

Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

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