Update on acquisitions of ASX-listed renewables developers
In its formal bidder’s statement, Philipines UAC Energy has urged Infigen shareholders to accept its takeover bid of $0.80 a share, while Infigen remained adamant no action should be taken in relation to the “opportunistic” offer. Previously, the acquisition of another prominent renewables developer, Windlab, was greenlit in a landslide shareholder vote.
Windlab lands loan to manage through project delays
The developer has secured a $20 million loan from Squadron Energy and Federation Asset Management, as it continues to struggle with connection delays on its Kennedy solar-wind-battery park.
Windlab set to change hands, flags write-down on Kennedy solar-wind-battery park
The developer has confirmed a nearly $30 million write-down on its troubled Kennedy Energy Park and entered into a binding agreement on a $1 a share takeover bid from a consortium that includes Andrew ‘Twiggy’ Forrest’s Squadron Energy.
