MARKETS

Spanish NSW plant to challenge coal

SPANISH infrastructure, renewables, concessions and investment company Elecnor has established an...

Anthony Barich

The plant, due to come onstream next year, will comprise 232,960 panels covering 191 hectares, with a forecast annual output of 155,000 megawatt-hours, equivalent to the electricity consumption of about 15,000 homes.

It will also entail savings of more than 165,000 million tonnes of water compared to a coal-fired plant and prevent the emission of about 95,000 tonnes of carbon dioxide each year.

Founded in 1958, Spanish Stock Exchange-listed Elecnor is involved in engineering, development and construction of infrastructure projects including 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, operating 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.

Elecnor operates in more than 40 countries across five continents, with an important presence in Europe, America and Africa.

The company said it based its choice of expanding into Australia on the country’s “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 US and Europe and is a country where companies such as Elecnor can carry out all its activities,” the company said.

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