THE SPANISH-AUSTRALIAN
CHAMBER OF COMMERCE

La Camara aims to be the preeminent point of reference for the Spanish-Australian business community and to facilitate and foster the development of business relationships within this community.

La Camara achieves these aims through events such as corporate lunches, ministerial briefings, seminars, private boardroom functions, networking evenings and more relaxed cultural and cocktail events, as well as a variety of services and promotional opportunities for our members.

Events organised by La Camara allow both members and non-members to develop the professional contacts they need within the Spanish-Australian business community.

Upcoming Events

Corporate Members

News

CaixaBank, named Best Bank in Spain 2020 and Best Bank in Western Europe 2020 by Global Finance magazine

May 25, 2020 • The bank reclaims its top position in the Spanish ranking for the sixth consecutive year and is acknowledged for the second time among the best banks on the European continent. • Along with many factors, the jury has assessed the growth, market share, financial solidity and innovation of CaixaBank's products and services. • In addition, the magazine Global Finance has acknowledged three CaixaBank projects in The Innovators 2020 awards, which recognise leading institutions driving innovation in the financial and banking sector. CaixaBank, Spain’s leading retail bank, has been named Best Bank in Spain for the sixth consecutive year and Best Bank in Western Europe for the second time in the awards granted by the US magazine Global Finance. The editors of the magazine, who take into account the opinion of analysts, consultants and executives from the banking sector worldwide when selecting the awarded institutions, have chosen CaixaBank from 150 countries around the world after considering many factors, such as growth of assets, market share, financial strength, financial return, strategic relationships, development of new business and innovation of banking products and services, among others. The magazine highlights, among other aspects, CaixaBank's sources of growth, its leading position in commercial banking in Spain and Portugal, and its firm commitment to digital transformation and innovation, which consolidate CaixaBank as a leading provider of solutions to alleviate the economic and social effects of the coronavirus crisis. In this line, the bank has launched the #ByYourSideNowMoreThanEver initiative to stand by its customers, shareholders, employees and society as a whole in response to the coronavirus pandemic, with actions such as the extension of the mortgage moratorium, advances on the payment of pensions and unemployment benefits, writing off rent payments, a 3-month grace period for leasing contracts, as well as conceding €25 billion in preauthorised loans for SMEs and self-employed workers. In addition, social action initiatives such as online volunteer work and an emergency campaign with Food Banks, in conjunction with the “la Caixa” foundation, among many others, also formed part of the main initiative. Awards for innovation The magazine Global Finance has also highlighted three CaixaBank projects in its The Innovators 2020 awards, which recognise leading institutions driving innovation in the financial and banking sector. The jury, comprising the magazine's editors with additional support of its journalists specialised in innovation, singled out CaixaBank for three awards in the Corporate Finance and Personal Banking categories for its use of biometrics, driving voice banking, and continuous improvement of products and services on its website and CaixaBankNow mobile app. The Bank has already been recognised on previous occasions as part of these awards. Last year, they granted awards to the Smart Money, Broker Now and AgroBank app projects. In 2018 and 2019, CaixaBank was chosen as the Most Innovative Financial Institution in Western Europe. Global Finance is a monthly magazine founded in 1987, with headquarters in New York, and has a circulation of 50,000 copies and readers in 188 countries. International acknowledgement of CaixaBank These Global Finance awards follow on from years of international acknowledgement of CaixaBank. In 2019, the bank was named Best Bank in Spain 2019, Best Bank for Corporate Responsibility in Western Europe 2019 and Best Bank Transformation in Western Europe by the British publication Euromoney. In addition, British publications The Banker and PWM (Financial Times Group) named it the Best Private Bank in Spain 2019. CaixaBank also received many awards in the scope of digital innovation in 2019. Global Finance magazine picked it as the Best Digital Bank in consumer banking in Spain and in Western Europe, and the Most Innovative Bank in Western Europe in last year’s The Innovators Awards. As regards to the Financial Times Group, the magazine PWM named CaixaBank the World's Best Private Bank for its digital client communication; and CaixaBank's new ATMs with facial recognition were picked for Technology Project of the Year in the category “Delivery Channels” at The Banker's Tech Project Awards 2019. Learn more.

Read more

Iberdrola has launched a friendly takeover on the Australian renewables company Infigen Energy worth €510 million, which means another determined step forward into this new priority market

June 17, 2020 The Spanish firm is backed by Infigen's Managing Board and by the main shareholder TCI Fund Management with its 33 % holding This friendly acquisition of a listed company that boasts 670 megawatts (MW) of wind power in operation and a project portfolio of 1 gigawatt (GW) at various stages of development will put Iberdrola at the very top of the South Australian market in terms of installed capacity, with almost 1,000 MW For the company captained by Ignacio Galán, which is set to make record investments of €10 billion this year, this means taking a firmer hold on the Australian renewables market, where it is already developing the Port Augusta hybrid wind-solar power project, with a capacity of 320 MW   Iberdrola has launched a friendly takeover to acquire 100 % of the Australian renewables company Infigen Energy, backed by support from the Managing Board and the main shareholder (TCI Fund Management, holding 33 % of shares). The transaction will cost 840 million Australian dollars or roughly €510 million. For the company captained by Ignacio Galán, which is set to make record investments of €10 billion this year, this is its fourth corporate operation in the first semester alone, and further consolidates its position as world leader in renewable energy. By acquiring a company that boasts 670 megawatts (MW) of wind power in operation - with seven wind farms - and a wind and solar project portfolio of 1 gigawatt (GW) at various stages of development, Iberdrola will rise to the very top of the South Australian market in terms of installed capacity, with almost 1,000 MW Manned by around 80 workers, this Australian company will also bring the Group another 560 MW in operation through proprietary, leased and capital-lite assets, which includes the power obtained from four PPAs (245 MW) and storage batteries (75 MW). Acquiring Infigen Energy will enable Iberdrola to tighten its hold on the new and highly relevant market that Australia represents, being a priority market for the Group since it announced plans to launch there earlier this year. The company is already developing the hybrid renewable project at Port Augusta located in South Australia, with a 210 MW wind farm and a 110 MW solar power plant. Requiring an estimated investment of €310 million, work on this complex will begin at the end of this year to have it up and running some time in 2021. Thanks to the Infigen takeover, the energy produced at this complex will be sold to Australian industrial clients. IBERDROLA'S FOURTH CORPORATE OPERATION IN ONE SEMESTER The transaction shows that Iberdrola is determined to shake up the international energy sector, this being its fourth corporate operation following another three announced in France and Scotland. The most recent was on 12 May, announcing the purchase of two onshore wind projects in Scotland totalling a capacity of 165 MW and requiring an investment of around €190 million to develop them. Thanks to this transaction, Iberdrola's UK subsidiary ScottishPower will be developing the third largest wind complex in the country, which is set to reach a capacity of 220 MW by enhancing the 165 MW acquired with another 55 MW from a nearby wind farm that was already in progress and is now being reactivated. This complex, which will require an overall investment of about €250 million, will be able to supply green energy to almost 135,000 households. Shortly before, on 6 May, the Group notified the Spanish National Securities Commission (CNMV) of the acquisition of the French company Aalto Power for just over €100 million. Founded in 2005 and headquartered in Marseille, Aalto Power provides Iberdrola with 118 MW of onshore wind power operating in France, plus a portfolio of onshore wind farm projects at different stages of development, adding another 636 MW. The integration of Aalto Power, owned until a few days ago by Aiolos and Caisse des Dépôts et Consignations, reinforces the company's growth plans in renewable generation in France, thanks to the projects the company has and its team of professionals. On 9 March, Iberdrola also acquired 100 % of the capital of the Saint-Brieuc offshore wind farm in France, which will involve an investment of approximately €2.5 billion. The 496 MW capacity at this complex, which will begin construction in 2021, will come into operation in 2023, generating enough clean energy to supply 835,000 people. Located in Brittany, about 16 kilometres off the coast, the Saint-Brieuc wind farm will feature 62 Siemens Gamesa turbines of 8 MW each, which will extend over an area of 75 square kilometres. The wind turbines will reach a total height of 207 metres. Learn more.

Read more

Position Partners launches MiRTK: an internet-enabled correction service for high accuracy GNSS

June 17, 2020 MiRTK offers an alternative to UHF radio correction services used for accurate GNSS positioning in the construction, mining and geospatial industries. Intelligent positioning solutions provider Position Partners announces the release of MiRTK, a correction service for GNSS equipment that utilises the internet instead of UHF radio frequencies. MiRTK is compatible with all brands and models of GNSS from manufacturers including Topcon, Trimble, Leica Geosystems, Sokkia, Hemisphere and more. “Until now, users that rely on high precision GNSS for applications such as surveying and machine control had no option but to use UHF radios or a network RTK solution,” said Cameron Waters, Geospatial Business Manager at Position Partners. “Anyone that’s had to rely on UHF radio frequencies will have experienced problems, including interference, range limitations, costly licensing and severe penalties for breaching licensing laws. MiRTK offers an alternative that is refreshingly simple: no repeaters, no line of sight issues and no complex licensing,” he added. Designed for the geospatial, construction and mining sectors, MiRTK works with every make and model of GNSS equipment, via a small modem that slides onto the accessory slot of the tripod and connects to the base station via a single cable. Unlike UHF radios, MiRTK is not limited by range from the GNSS base station and does not require line of sight with the survey rover or machine. It is limited only by the Telstra network, so if a user is receiving emails on their phone the MiRTK service will work. Another benefit according to Mr Waters, is the ability to utilise a single correction protocol across all brands and types of GNSS equipment on site, dramatically reducing complexity and potential connectivity issues. “MiRTK uses NTRIP and a user selectable format such as RTCM3 or CMR, that can be used universally regardless of the brand or model of equipment,” he said. “Users enjoy full speed, full constellation connectivity without the complex radio settings, baud rates, bandwidth or scrambling problems that you get when trying to utilise different GNSS systems with UHF radios.” To setup the unit, users simply connect the modem to the base station, power the modem on and MiRTK will work for up to 20 hours continuously without charge. Each unit can connect with up to 10 devices such as survey rovers or machine systems as standard, with unlimited potential to scale up connections as required. MiRTK offers the first Hardware as a Service (HaaS) for the geospatial sector, covering the hardware, data and warranty in either a 12-month or 24-month subscription. “The future of UHF is limited with lower bandwidth, higher density areas, increased governance, rising costs and little flexibility,” Mr Waters said. “MiRTK gives customers a new approach to receive reliable correction data in a simple and hassle-free way, whilst utilising their existing GNSS hardware.” ability to use their existing GNSS base station, survey rovers and machine control systems and get reliable correction data in a simple and hassle-free way.” Learn more. For more information and to buy online visit positionpartners.com.au/mirtk or call 1300 867 266.  

Read more

Contact Us/Subscribe to
Newsletter and Events