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Spanish investment in Australian clean energy

Investment success story: 16 February 2009

The Spanish energy supplier, Union Fenosa S.A., is ready to invest up to $1.9 billion in Australia.

Union Fenosa Wind Australia is building seven wind farms in Victoria and New South Wales – a project which is expected to create up to 300 new jobs in regional areas of the country.

Australia's Minister for Trade, Simon Crean, said that this investment by Union Fenosa β€œis a great example of the kind of initiative that can help position Australia as a world leader for clean energy technology.

"The future international competitiveness of the Australian economy is reliant on our ability to position ourselves for the future," Mr Crean said.

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