We boost our international growth with the two new photovoltaic plants: Glenellen and Bundaberg
Both facilities have a combined capacity of 360 MW, increasing the installed capacity in Australia to 1.3 GW.
Through long-term power purchase agreements (PPAs), we have secured the sale of energy from both projects, strengthening revenue visibility and business stability.
These two projects reinforce our renewable asset portfolio in Australia and consolidate our presence in two key states within the Australian energy market.
Glenellen
Glenellen has a capacity of 260 MW and is set to become our largest photovoltaic plant in Australia to date. Located in the state of New South Wales, it spans an area of 300 hectares and includes nearly 373,000 solar modules. The expected renewable energy generation is 450 GWh per year, equivalent to the consumption of more than 80,000 households, and will prevent the emission of approximately 385,000 tonnes of CO₂ equivalent into the atmosphere.
This is an agrivoltaic plant that will integrate renewable generation with agricultural activity, reinforcing our commitment to sustainable energy models that are compatible with the surrounding environment. In addition, livestock activity has been maintained during the operation of the facility through sheep grazing.
Bundaberg
Bundaberg is a solar plant that will also become our first project in the state of Queensland.
The facility has an installed capacity of 96 MW, with more than 162,000 solar modules, and will generate around 200 GWh per year—equivalent to the consumption of approximately 36,000 households—while avoiding the em
ission of more than 170,000 tonnes of CO₂ equivalent into the atmosphere.
Business Development in Australia
We consider Australia one of our strategic markets for renewable energy development at an international level, thanks to its regulatory stability, high growth potential, and strong commitment to the energy transition. We have been present in the country for more than 15 years and currently have 1.3 GW in operation, 0.5 GW under construction, and a project pipeline of 2 GW under development, concentrated in the states of Victoria, New South Wales, Western Australia, and Queensland.
Since entering Australia in 2007, we have contributed to the development of a more sustainable energy mix by driving projects that generate employment, support rural communities, and facilitate the transition toward a low-carbon economy.
Our activity in Australia, carried out through GPG, has a majority ownership of 75%, together with the Kuwait Investment Authority (KIA), which holds the remaining 25%.