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Webuild SpA ( (IT:WBD) ) has provided an announcement.
Webuild’s Australian subsidiary Clough has secured a €116 million contract to design and build the 220 MW Kwinana Gas Power Generation 2 open-cycle gas turbine plant for AGL Energy, about 40 kilometres south of Perth. Located next to an existing power station in an established industrial area, the project is designed to operate during peak electricity demand and will create more than 200 jobs while leveraging existing infrastructure and logistical synergies.
The new gas-fired facility is positioned as a stabilising asset for Western Australia’s grid as the state plans to phase out coal-fired power plants by 2030, underscoring Webuild’s growing role in the country’s energy transition alongside major renewable projects such as Snowy 2.0. The award strengthens Webuild’s presence in its key foreign market and highlights the strategic integration of Clough’s local expertise with Webuild’s global scale in delivering critical, complex energy and infrastructure projects across Australia, from urban mobility to healthcare.
The most recent analyst rating on (IT:WBD) stock is a Buy with a EUR3.40 price target. To see the full list of analyst forecasts on Webuild SpA stock, see the IT:WBD Stock Forecast page.
More about Webuild SpA
Webuild SpA is a global leader in constructing large, complex infrastructure with a focus on sustainable mobility, hydroelectric energy, water management and production, and green building. Active in about 50 countries, the Italian group has a 120-year history, a workforce of roughly 95,000 people, and a track record spanning major dams, railways, roads, tunnels, and landmark projects worldwide. Listed in Milan and included in the MIB ESG index, Webuild generates most of its revenue from works aligned with United Nations Sustainable Development Goals.
Average Trading Volume: 3,244,280
Technical Sentiment Signal: Hold
Current Market Cap: €2.26B
Find detailed analytics on WBD stock on TipRanks’ Stock Analysis page.