Spanish electric utility firm Iberdrola has acquired the rights to the Mount James wind farm in Queensland, Australia.

The financial details of the deal have not been disclosed by either company.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Located in North Queensland, Mount James is claimed to be the largest onshore wind farm in the world with a capacity of 1GW.

The wind energy project is spread across more than 50,000ha of land area, and has also completed its environmental studies.

In a statement, Iberdrola said: “Environmental studies have been completed on the 50,000ha of the Mount James wind project site, which will allow the wind farm to be designed to avoid environmentally and heritage sensitive areas. In addition, all permits for the construction of the project are being processed. 

“Iberdrola’s competitive position in the Australian market is distinguished by a willingness to invest not only in renewable capacity, but also in the technologies that enable clean energy growth, customer-focused product offerings, and broader energy infrastructure.

“To date, this has been achieved by offering commercial and industrial customers fully firm supply agreements backed by renewable energy generation.”

With this acquisition, the Spanish utility has a portfolio of more than 3GW in the region.

The investment from Iberdrola is expected to support Australia in meeting its economic decarbonisation target of 50% renewable energy by the end of this decade.

Iberdrola also believes that the region has the potential to become a major green hydrogen hub and green materials export corridor.

Las September, RES divested its 245MWdc Avonlie solar development project in New South Wales (NSW) to Iberdrola.