Acciona mega contract in Australia. The Spanish company will build – together with its local partner Genus – the eastern section of the HumeLink electrical transmission line for 1.4 billion Australian dollars (850 million euros). The project is one of the largest energy infrastructure projects in the country, and will involve the design and construction of 227 kilometers of 500 kV overhead transmission lines from Bannaby to Tumut, with 467 towers, and the upgrade of the Bannaby 500 kV substation. .
The Spanish company reported this Monday in a statement that the main objective of the project is to remodel the electricity market in the region, which will result in increasing the transfer capacity between the southern part of New South Wales and the main centers of load of the state (Sydney, Newcastle and Wollongong), reinforce the stability and reliability of the electricity transmission network and facilitate the transition of the network to new generation sources.
“HumeLink will deliver a cheaper, more reliable and sustainable grid by increasing the amount of renewable energy that can be delivered across the national electricity grid, helping Australia transition to a low-carbon future. Additionally, the project will create more than 1,600 jobs in the construction of the new network,” the company stressed.
The contract is structured in two phases.
The HumeLink contract is structured in two phases, and pending regulatory approvals and the final investment decision, the first works will begin immediately and be completed by mid-2024, including detailed design, investments, procurement and mobilization of the project.
Meanwhile, the second phase involves the main construction works and will begin once all project approvals have been granted and the final investment decision has been made, which is expected to occur in July next year. Last week, Acciona also announced that its energy subsidiary, Acciona Energía, will begin construction of the Aldoga solar plant in Australia, with a total power of 380 MW and an associated investment of 500 million Australian dollars (300 million euros). . ), in the first quarter of 2024. It is also constructing Australia’s largest wind farm, MacIntyre (1,026MW), and developing the adjacent Herries Range wind farm (1,000 MW).
Operational and financial evolution
Acciona has increased its portfolio of infrastructure projects by 4.2% in the last year, reaching 30,292 million euros, a record figure for the company when consolidating the data using the equity method. In an update that it presented to the market in November, which replaces the traditional quarterly results, it highlighted that this portfolio still does not include pre-awarded contracts pending signature for an import of 6,492 million euros.
Likewise, he detailed that its financial and operational evolution between January and September continues in line with the trends seen in the first half of the year, highlighting the acceleration in the pace of energy installation, with 685 MW added in the third quarter and 1.1 gigawatts. (GW) until the ninth month. In addition, he highlighted the growth in the Infrastructure business, the prolongation of the situation of low energy resources, particularly in hydraulic generation, and the partial normalization of electricity prices in Spain.
Within the energy business, forecasts point to a gross operating result (Ebitda) of between 1,200 and 1,300 million euros for the year as a whole and the installation of 1,764 MW, in line with the expectations already announced previously. In the Real Estate business, the pre-sale portfolio as of September 30 was 1,875 units, 27.3% higher than that of December 2022, which will be delivered between the fourth quarter and during the years 2024 and 2025.
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