Spanish energy company Iberdrola has successfully raised $A750 million through the issuance of two green 'kangaroo' bonds to support its expansion in Australia's renewable energy sector. The company intends to use the funds to bolster its renewables portfolio in Australia, with a specific emphasis on offshore wind, battery storage, and green hydrogen projects. Deemed as an oversubscribed offering, the two tranches of green debt attracted significant interest from over 80 investors, including Asian participants, reinforcing confidence in Iberdrola's renewable energy strategy in the country. Iberdrola's plans in Australia gained momentum following the election of the federal Labor Albanese government. The company's chair, Ignacio Galán, unveiled intentions to invest between €2 and €3 billion into Australia's transition to clean energy. Highlighting a commitment to enhance its renewable portfolio in Australia to 4GW, Iberdrola expressed a keen interest in advancing green hydrogen initiatives. Furthermore, Iberdrola has actively supported green projects in Australia, including a $1.2 billion proposal for a renewable hydrogen and green fuels production facility in Tasmania, developed in collaboration with Abel Energy. Additionally, the company is progressing with the Aurora Green offshore wind farm project in Victoria, aiming for a capacity of up to 3GW, for which it obtained a feasibility license in March.