Finance

Melbourne-based company Green Peak Energy has attracted the backing of one of the world’s largest investment firms, CBRE Investment Management. While deal’s details remain confidential, the Australian company, which focuses on operating renewable systems in the C&I segment and providing power purchasing agreements (PPAs), described the agreement as an endorsement of the problem it set out to solve.

A new Ernst & Young power and utilities overview report shows that utilities and other deep-pocketed investors are putting financial support behind their environmental, social and governance initiatives.

Spark Infrastructure looks set to be sold off with the Foreign Investment Review Board giving its tick of approval for a North American consortium led by private equity giant Kohlberg Kravis Roberts to acquire the Australian electricity network operator.

Brisbane’s eleXsys Energy has won a government grant which will allow the company behind Australia’s largest grid-connected microgrid to build its manufacturing base here in Australia.

International oil giant Shell is set to acquire Australian energy retailer Powershop after partnering with Sydney-headquartered investment manager Infrastructure Capital Group in a $729 million deal which will see the consortium purchase all of Meridian Energy’s Australian assets.

The owner of the 100 MW Merredin Solar Farm in Western Australia has confirmed it will look to accelerate its roll out of renewable energy projects in the Asia-Pacific region after raising more than $34 million in Series A financing.

Greek company Mytilineos has reached financial close on all three of its 40 MWp solar farms in New South Wales, marking an important milestone in the company’s strategic move into the Australian market.

Everything you see exists together in a delicate balance. Octopus Investments Australia’s Investment Director of Energy Markets, Lumi Adisa, takes a Lion King-themed deep dive into New South Wales to find out what comes after coal.

COP flack for Australia’s insubstantial and unstructured response to decarbonisation has not made the country more attractive to investors. Has our first-mover status cruelled our investability, and what could the next Federal Government do to revive investor confidence?

A report published by BloombergNEF for the COP26 climate change summit has listed global commitments by cities, states, provinces and nations to end the sale of new fossil-fuelled vehicles but, with 2035 estimated as the cut-off date for zero-emission roads by mid century, policymakers need to be more ambitious.