Iberdrola Acquires 242MW Ararat Wind Farm in Victoria, Australia from Partners Group and OPTrust
Iberdrola has completed the acquisition of the 242MW Ararat Wind Farm in Victoria, Australia, from Partners Group and OPTrust. Operational since 2017, it is Iberdrola's largest wind farm in Australia and its first owned generation asset in Victoria. The deal expands Iberdrola's presence to five Australian states and is backed by long-term PPAs. The company plans to invest €1 billion in Australia by 2028.
Transaction date: · Source: iberdrola.com
Key facts
- Transaction date
- Technology
- Onshore Wind
- Capacity
- 242 MW
- Transaction price
- Not disclosed
- Buyer
- Iberdrola
- Country
- Australia
- Region
- Victoria
- Location
- Ararat, Victoria, Australia
- Continent
- Oceania
- Development status
- Operational
- PPA
- Yes
Technology details
Onshore wind farm with 242 MW capacity, operational since 2017. Largest wind farm in Iberdrola's Australian portfolio and first owned generation asset in the state of Victoria.
Power purchase agreement (PPA)
A significant portion of the wind farm's output is sold through Power Purchase Agreements (PPAs), providing predictable cash flows.
Additional information
Iberdrola now has presence in five Australian states: New South Wales, South Australia, Victoria, Queensland and Western Australia. A significant portion of output is sold through PPAs. Victoria targets 95% renewable energy by 2035. Iberdrola plans to invest €1 billion in Australia by 2028 and has over 2,500 MW of installed capacity in the country across onshore wind, solar and batteries. Iberdrola has also entered Australia's grid business with the VNI West interconnector project connecting Victoria and New South Wales. This is Iberdrola's sixth transaction completed in 2026.
Source
Original announcement: https://www.iberdrola.com/press-room/news/detail/Iberdrola-acquisition-first-wind-farm-victoria-state-australia