Global energy giant UPC Renewables has just launched in Australia. Chairman Brian Caffyn discusses the company’s plans for further expansion, with ambitions to provide renewable energy solutions across the country.
The company is undertaking the development of one of Australia’s largest wind farms, situated at Robbin’s Island. Responsible for the development of 50 windfarms globally, Caffyn sees huge potential within the Australian energy industry, with plans to undertake a further six new projects in the country over the next 18 months.
Additionally, with exponential growth across China, the company’s aggressive expansion plans encompass both Australia and Asia. UPC are currently in the process of developing the Feicheng Wind Project 50MW and Kangping II and III Wind Project 98MW in China, alongside a key project in Indonesia which is thought to be going live at the end of the year.
“We are focusing on solar in a large number of countries in Southeast Asia. India and Vietnam are two of them, Vietnam also looks like a good wind market over the medium term. We expect to be able to get into some additional countries at least on the solar side over the next year,” he says.
However, Caffyn explains that remaining competitive is key, as it is smaller than large utility companies, with the ability to bring in low cost equipment and financing, handling its own construction and operations management. This, he states, gives UPC a point of difference over competitors.
“If you have the mentality you’re going to be in the business long-term, then you care a lot more about all the decisions along the way,” he adds.