The company continues reinforcing its international strategy by opening an office in Sydney as a new regional hub for its activities in the Pacific. This office joins the delegations that the group has at present outside of Spain, namely in Italy, France, Bulgaria, the United Kingdom, Japan, Mexico, Chile, United Arab Emirates and USA.
From the new office located in the financial district of Sydney, the local team will render asset management services, engineering and commissioning services, technical advisory and owner´s engineering, among others. Before entering the Australian market, Vector Cuatro was already present in the Asia Pacific, providing services from its office in Tokyo. The region has been one of the key markets for the company where it has carried out more than 8 GW in technical services and currently manages renewable assetss with 192 MW of installed capacity.
The company arrives in the continent at the best moment for the development of renewable energy projects. Reaching 8.4 GW of solar and 5.1 GW of wind installed capacity by mid-2018, Australia’s renewable energy market is attracting massive interest from developers, contractors, manufacturers and both local and international investors.
As 2017 was marked as a record-breaking year for renewables in the country, with 700 MW of renewable projects being completed, a recent report of Australia National University shows that during 2018 and 2019, Australia will install around 10,400 MW of renewable energy, of which 7,200 MW will be generated from large-scale solar and wind power projects and 3,200 MW from rooftop PV systems.
In the absence of national energy and climate policy, states and territories have clear renewable energy targets and have introduced a variety of policies to drive the energy transition. If industry continues deploying new renewable capacity at current rates, Australia will comfortably exceed the 2020 Renewable Energy Target and supply 100% renewable electricity by 2030.
Currently Vector Cuatro has carried out more than 1000 projects in 43 countries worldwide and is internationally ranked as one of the most important companies in the renewable energy industry. It has over 2.4 GW of power under management, 53 GW in technical services, 4.6 GW in financial advice and counts with a track record of more than 60 GW throughout the entire value chain of the projects.
201 Elizabeth Street
Sydney NSW 2000
The Spanish multinational opens a new office in the United Arab Emirates as a new regional hub for its activities in Middle East and to further strengthen its international presence.
The new office is located in Dubai, concretely in the Dubai World Trade Center, where the local team has been operating since a few weeks. This new location joins the local delegations that the group has at present outside of Spain, namely in Italy, France, Bulgaria, the United Kingdom, Japan, Mexico and Chile.
In 2017, as part of its international expansion, Vector Cuatro has focused its services on several countries in Middle East, where the company has worked during the last couple of years. Vector Cuatro will continue rendering technical services in the region; engineering and commissioning services, technical advisory and owner´s engineering, among others. Additionally, Vector Cuatro expects to start providing asset management services very soon.
Furthermore, on April 25-26 Vector Cuatro will be participating in MENA New Energy 2017; one of the MENA’s largest renewables summit.
Currently, Vector Cuatro has carried out more than 600 projects in 22 countries worldwide and is internationally ranked as one of the most important companies in the renewable energy industry. It has over 1.7 GW of power under management, 4 GW in financial advice and counts with a track record of 16 GW throughout the entire value chain of the projects. In September 2014, the company was incorporated into the Italian Falck Renewables Group (FKR.MI), a leading player in the European renewable energy industry and listed at the Milan Stock Exchange.
Vector Cuatro UAE
Sheikh Rashid Tower, Level 7, Office 11.
Sheikh Zayed Road, Dubai World Trade Center.
Tel: +971 4 309 7058