Iberdrola buys Aussie green solutions biz Autonomous Energy

Spanish utility Iberdrola SA (BME:IBE) has acquired Australian green energy and behind-the-meter solutions provider Autonomous Energy in another push to expand its footing in the land Down Under after taking over renewables developer Infigen last year and a number of wind and solar projects.

Iberdrola did not disclose how much it paid for Autonomous Energy. Announcing the transaction in a press release on Friday, the utility said the acquisition contributes to its long-term growth ambitions in Australia and hailed Autonomous Energy as an award-winning EPC green solutions business with an extensive pipeline of new projects.

Autonomous Energy provides solutions such as installations of rooftop solar, solar car park shading, ground-mounted solar PV, battery storage, micro-grids, energy efficiency and energy management.

The firm, which was founded in 2003, has delivered more than 100 projects for leading commercial and industrial customers in Australia, Iberdrola added.

After taking over Infigen in 2020 and renaming it Iberdrola Australia, Iberdrola is set to become a long-term fixture in the Australian renewables market. The Spanish company also added mammoth projects to its Aussie portfolio, such as the 245-MW (DC) Avonlie solar development and the 320-MW Port Augusta wind and solar hybrid.

Iberdrola Australia now has a pipeline or more than 2 GW of renewable energy projects in various stages of development in New South Wales, Queensland and South Australia, its Spanish owner says.

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