MADRID, September 19, 2014 /PRNewswire/ --
- Elecnor Australia Pty Ltd will promote infrastructure and renewables projects
- The new subsidiary will operate in Australia, New Zealand and other countries in Oceania
Elecnor has established a subsidiary based in Melbourne to develop infrastructure and renewables businesses and projects in Australia, New Zealand and other countries in Oceania. The company will be called Elecnor Australia Pty Ltd.
The newly established Elecnor subsidiary has already won its first contract to build a 70 MWdc (56MWac) photovoltaic plant in Moree, New South Wales. The project owner is Moree Solar Farm Pty Ltd, which belongs to Fotowatio Renewables Venture (FRV).
The plant is one of the country's largest solar projects. It will comprise 232,960 panels covering 191 hectares. Forecast annual output is 155,000 MW/h, equivalent to the electricity consumption of around 15,000 homes. It will also entail savings of over 165,000 million tonnes of water compared to a coal-fired plant and prevent the emission of around 95,000 tonnes of CO2 each year. The plant is due to come on stream in the second quarter of 2015.
Developing infrastructures and promoting its own projects
Founded in 1958, Elecnor is one of the main global companies in engineering, development and construction of infrastructure projects. Its activities include electricity, gas, railways, power generation, energy efficiency and water processing. It is also a leading developer and investor in the fields of renewable energies, concessions of energy infrastructure and environment, and space. In the space sector, it operates two Earth observation satellites, Deimos 1 and Deimos 2, which have contributed significantly to tracking natural events in Australia and many other parts of the world.
With nearly 12,500 employees, Elecnor operates in over 40 countries across five continents, with an important presence in Europe, America and Africa. It is listed on the Spanish stock exchange.
The establishment of this subsidiary in Australia is part of Elecnor's international expansion strategy. The choice of Australia is based on its key position in the Asia-Pacific region and the country's infrastructure investment plan. The Australian market offers steady growth, despite the crisis, which has affected the United States and Europe, and is a country where companies such as Elecnor can carry out all its activities.