Iberdrola, a Spanish electric utility company, has acquired the rights to the Mount James wind farm in Queensland, Australia. The wind energy project covers more than 50,000 hectares of land and has completed its environmental studies. Reportedly, Mount James, in north Queensland, is the world’s largest onshore wind farm, with a capacity of 1 GW. The financial details of the deal have not been dis closed by either company.
Slow Winds: Limited activity in the segment
The installed wind power capacity reached 39.99 GW as of October 31, 2021, around 20 GW short of the 60 GW target for 2022. The leading states for installed wind capacity are Tamil Nadu (9,846.69 […]
Innergex secures $534 million funding to establish Boswell Springs wind farm
Innergex Renewable Energy has received $534 million in construction financing from BNP Paribas, Credit-Agricole CIB, and Export Development Canada for the construction of a 329.8MW Boswell Springs wind farm in Albany County, Wyoming. Mortenson, a […]
Strategic Shifts: Innovations, policy initiatives and the road ahead for the wind sector
By Preeti Wadhwa India’s wind energy sector is aiming to meet the ambitious target of setting up 140 GW of wind capacity by 2030 and progress towards its 2070 net zero goal. To achieve this, […]