Iberdrola acquires 242MW Ararat wind farm in Victoria, Australia [Yahoo! Finance]
IBERDROLA SA S/ADR (IBDRY)
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iberdrola.com/shareholders-investors
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Source: Yahoo! Finance
Iberdrola has completed the purchase of the 242MW Ararat wind farm in Victoria, Australia, from Partners Group and OPTrust, after securing all necessary approvals. This acquisition, which was announced in December 2025, is part of the company's strategy of focusing on core businesses and key markets, with plans to invest €1bn ($1.16bn) in Australia by 2028. The Ararat wind farm, operational since 2017, is Iberdrola's first owned generation asset in Victoria. With this purchase, Iberdrola strengthens its presence across the Australian states of Victoria, New South Wales (NSW), South Australia, Queensland and Western Australia. The acquisition enables Iberdrola to supply its business customers with generation from its own assets, while also engaging in power purchase agreements for a major portion of its output. Victoria aims to reach 95% renewable energy by 2035. Iberdrola currently holds more than 2.5GW of installed capacity across Australia, predominantly in solar plants
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