Iberdrola obtains Australian solar EPC company Autonomous Energy

• Spanish energy business Iberdrola is proceeding its expansion in Australia's solar field with the purchase of design, procurement and building (EPC) supplier Autonomous Energy.

Concentrated on the industrial and commercial (C&I) and also small-scale utility sectors, Autonomous Energy has to date delivered greater than 100 projects-- consisting of rooftop solar, ground-mount PV and battery energy storage space-- for a range of clients across Australia.

Autonomous Energy chief executive officer Matthew Linney stated his firm's knowledge in behind-the-meter technologies integrated with Iberdrola Australia's growing profile of eco-friendly possessions will allow them to supply a "collection of innovative and integrated green energy products that lower client energy costs".

According to Iberdrola, the acquisition will position the firm's Australia system "as a one-stop shop" for customers seeking both behind-the-meter and front-of-the-meter green energy solutions.

The deal comes a year after Iberdrola's purchase of Australian renewables strong Infigen Energy (currently Iberdrola Australia), which just recently dedicated to developing a 245MWdc solar PV plant in New South Wales that is expected to be finished by the end of 2022.

"By including Autonomous Energy's market-leading capabilities in behind-the-meter innovations, we will certainly be able to offer our clients a wider series of products that help them fulfill their financial as well as sustainability objectives," said Ross Rolfe, taking care of director of Iberdrola Australia.

A brand-new strategy revealed by Iberdrola earlier this year will see the business invest EUR150 billion (US$ 183 billion) to almost triple its renewable energy ability by 2030, as it bids to get to 93GW by the end of the years.

Iberdrola Australia has a pipe of more than 2GW of renewable energy projects at numerous stages of development in New South Wales, Queensland and also South Australia.

Various other sell Australia's solar field in current months have actually seen Canadian pension financier OMERS Infrastructure buy a stake in a renewable energy system from designer Fotowatio Renewable Ventures (FRV), while Swiss fund supervisor last week SUSI Partners acquired a 50% passion in Starling Energy Group, an Australian installer of solar PV and also energy storage space systems for the residential market.