Solar and storage developer Genex target of $300 million takeover bid
Australian renewable energy and storage developer Genex Power has confirmed it is the target of a takeover bid having received an unsolicited offer of more than $300 million from a consortium of private equity firms led by Australian technology billionaire Scott Farquhar’s Skip Capital.
Enel looks to sell major stake in Australian wind, solar portfolio
Italian utilities giant Enel Group is reportedly looking to sell a substantial share in its Australian renewable energy platform, Enel Green Power, to help fund an estimated 3.6 GW development pipeline in the country.
Bowen discards planned changes to ARENA mandate
The Federal Government has moved to scrap controversial changes to the Australian Renewable Energy Agency’s mandate that allowed it to fund some fossil-fuel related and carbon capture storage technologies, signing regulations which make it clear the agency will focus on renewables and electrification.
Octopus announces $10 billion renewable investment funds, acquires Australia’s largest solar project
Octopus Investments Australia, a subsidiary of the major global Octopus Group, today launched two renewable energy investment vehicles totalling $10 billion. The Octopus funds’ first joint acquisition is Australia’s largest operational solar farm, the 333 MW Darlington Point Solar Farm in New South Wales.
FRV points to refinancing move as sign investor appetite is ‘growing’
The Australian arm of global renewable energy developer Fotowatio Renewable Ventures has pointed to the refinancing of its 100 MW Lilyvale Solar Farm in Queensland as a sign of renewed investor confidence in the nation’s renewables sector.
Solar power costs continued to fall in 2021, despite rising panel prices
The average global price of solar kilowatt-hours fell 13% on 2020’s prices, as around two-thirds of the renewables capacity installed last year was cheaper than the lowest-cost fossil fuel alternative.
GE turns to Australia for critical renewable materials
US giant General Electric (GE) has signed an agreement with Australia’s Arafura Resources, provisionally agreeing to offtake from the company’s flagship Nolans Project in the Northern Territory, which is aiming to become a major supplier of critical materials for wind turbines and electric vehicles.
Spanish giant plans $26 billion investment in Australian renewables following government change
Spanish energy and construction giant Acciona plans to massively expand its investment in Australian renewable projects over the next five years, following the new federal government’s pledge to upgrade national electricity transmission networks.
Edify secures $13 million for Darlington Point big battery project
Australian renewables developer Edify Energy has secured more than $13 million in federal and state government funding to help finance the installation of a 25 MW/50 MWh battery energy storage system featuring advanced inverter technology next to its 275 MW Darlington Point Solar Farm in south-west New South Wales.
Canadian Solar sells two Australian solar farms to US interests
Chinese-Canadian PV heavyweight Canadian Solar has for an undisclosed sum offloaded two of its Australian utility scale solar power projects with a combined generation capacity of 260 MW to an offshoot of United States renewable energy giant Berkshire Hathaway Energy.
