Fortescue Becomes Majority Owner of Nabrawind

Australia-based Fortescue, a global green technology, energy and metals company, on Friday said that it has finalised its acquisition of Spanish wind turbine manufacturer Nabrawind, which the mining giant had been a minority investor in since 2023.

The Perth-based company also said that it has entered into supply agreements with Chinese companies to help decarbonise its operations and they include battery and electric vehicle company BYD, solar technology manufacturer LONGi, mining equipment manufacturer XCMG and wind and energy storage leader Envision Energy.

These partnerships were announced in New York during the United Nations General Assembly on Thursday and will not only enable Fortescue to electrify its Pilbara operations in Western Australia and deliver on its target of Real Zero by 2030, but also catalyse decarbonisation globally.

The agreements build on Fortescue’s global innovation ecosystem where European powerhouse Liebherr already plays a pivotal role in decarbonising Fortescue’s mining fleet with the production of T 264 trucks in Virginia in the US.

In a bourse filing with Australian Securities Exchange (ASX) on Friday, Fortescue said that these agreements were underpinned by world-leading research and development through Fortescue Zero, which utilises the Colorado Technology Hub in the US, advanced technology collaborations with CSIRO in Australia, and its R&D centre at Oxford in the UK, to drive the innovations behind its decarbonisation and future green technologies.

Together, these partnerships and hubs of innovation ensure Fortescue integrates the world’s best technology into its operations and delivers its green energy operations at unmatched scale and cost, the company said.

Gluing Multilateral Spirit

Fortescue Executive Chairman and Founder, Dr Andrew Forrest AO, said that the world once benefited from open trade and cooperation and now it was divided.

Fortescue is showing that industry can help glue back that multilateral spirit, not through rhetoric but through practical alliances that prove heavy industry can follow a new path, one where profits rise as emissions fall, he explained.

According to him, China has been scaling and manufacturing green technologies at unprecedented speed and our partnerships give Fortescue access to that capability.

“Meanwhile, through Nabrawind in Spain, Liebherr in Germany and the US, Fortescue Zero in the UK, and Fortescue operations in Pilbara, we are building a global R&D and production network,” he noted.

“This is a truly multilateral collaboration that draws on the best ideas and manufacturing capacity to deliver the lowest cost energy and tackle climate change. By joining forces across continents, we are seizing the full extent of the decarbonisation opportunity and rebuilding the cooperation the world needs to address the climate crisis,” he added.