Iberdrola acquires 242 MW Ararat Wind Farm in Australia
Type: Acquisition · Technology: Onshore Wind · Country: Australia · Capacity: 242 MW · Announced: 2026-03-06
Iberdrola acquired the 242 MW Ararat Wind Farm for approximately A$700 million, expanding its Australian renewable energy portfolio. This acquisition from Partners Group and OPTrust advances.
Analysis
Iberdrola, a global energy leader focused on renewable development, just bolstered its Australian portfolio with the 242 MW Ararat Wind Farm in Victoria. This acquisition sees them take over the onshore wind asset from private markets investment manager Partners Group and pension fund OPTrust. For Iberdrola, the deal directly aligns with their strategy of investing in clean energy technologies and expanding operational capacity. Partners Group and OPTrust, both focused on long-term, sustainable infrastructure investments, are exiting a significant asset, likely realizing returns for their stakeholders.
Key points
- Iberdrola, a global energy leader, adds 242 MW of onshore wind capacity.
- Partners Group and OPTrust, both long-term infrastructure investors, exit the asset.
- The deal is located in Victoria, Australia.
- Acquisition value for the 242 MW project remains undisclosed.
Counterparties
- Iberdrola (Buyer)
- Partners Group (Seller)
- OPTrust (Seller)