Its Australian subsidiary is awarded a €90 million project to install windbreaks
MADRID, 2 Jun. (EUROPA PRESS) –
Cimic, the Australian subsidiary of ACS, has acquired a 125 megawatt (MW) photovoltaic plant in the State of Victoria (Australia), which another of its companies, UGL, is already beginning to build with the aim of starting operations at the end of of 2023.
This is the first major operation announced since ACS, through its German subsidiary, Hochtief, acquired 100% of Cimic’s capital through a Public Takeover Offer (OPA) that has culminated in its delisting , as announced by the company.
In addition, it is the first large-scale photovoltaic energy-oriented project developed by Cimic under its ownership, in line with the strategy announced by the president of ACS, Florentino Pérez, to focus on the development of renewable energy, together with the highway concession business.
“Cimic is committed to supporting Australia’s energy transition and is looking for large-scale renewable generation, storage and generation assets”, said the president of Cimic, Juan Santamaría, recently named number two in the ACS group.
The development of the plant will correspond to Pacific Partnerships, a Cimic company, while UGL, another of its companies, will be in charge of the construction, operation and maintenance of the facilities.
The solar plant is 245 hectares and will generate an installed capacity of up to 125 MW, connecting to an existing nearby terminal substation. It is expected to generate enough stand-alone electricity to power approximately 45,000 Australian homes.
On the other hand, Cimic has been selected, through its subsidiary CPB Contractors, for the construction and installation of windbreaks in the State of Western Australia, for 130 million Australian dollars (90 million euros).
“These barriers are the first of their kind in Australia, designed for the extreme weather conditions of the Pilbara region, with the aim of improving air quality in the area by reducing wind speeds and potential dust lift,” Santamaria explained.
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