Global renewables business EDP Renewables (EDPR) has expanded its Asia Pacific presence into Australia to tap into the country’s substantial growth prospects in renewable energy.
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The company has acquired local renewables player, ITP Development (ITPD), with the ITPD team now part of EDP Renewables APAC. Led by Australia country director Simon Franklin, the team is dedicated to the strategic growth and execution of EDPR’s initiatives in the market.
“We are focused on greenfield development of sizeable wind and solar projects coupled with innovative storage solutions in Australia,” said Joāo Machado, APAC executive director for business development, EDP Renewables APAC.
“We are confident that the Australia team will contribute to our vision of leading the energy transition in Asia Pacific,” he added.
The market entry is a strategic step that brings over 1.5GW of pipeline of wind and solar projects at various stages of development with options to co-locate battery energy storage systems (BESS) in the east of Australia, particularly in New South Wales and Queensland.
The portfolio also includes a 480MWp solar photovoltaic system and 200MW BESS project, which is at an advanced stage of development in Queensland.
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Franklin said, “We are now accelerating work on the development of the project in Queensland. This project is on track to be commissioned by 2026 and will contribute towards Queensland’s net zero ambition.”