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AAP
AAP
Business
Marion Rae

Energy giant earmarks $4.4b for Australia

Australia Europe Hydrogen Iberdrola
A leading European clean energy provider is looking at major investment in Australian projects. (PR HANDOUT IMAGE PHOTO) (AAP)

A world leader in wind power and green hydrogen has earmarked $4.4 billion for Australia.

Lured by new climate laws that will require billions of dollars of private capital to modernise a coal-dependent electricity grid, Europe's largest electricity company Iberdrola is looking to expand its footprint.

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