The Walsh & Co-managed entity has secured a 15-year PPA for 69% of Beryl Solar Farm’s output and is considering a battery installation to enhance risk-adjusted returns.
To meet today's deadline, the Transurban-led team had to submit a conditional bid for WestConnex without knowing if it will receive clearance from the competition watchdog in September.
The US-based renewables developer, backed by NZ Super and Infratil, is also proceeding with the construction of the 238MW Rio Bravo wind farm in the same state.
The guarantee was crucial for the $375m valuation the Danish manager and the UK’s CDC were offering for Zambia’s Copperbelt Energy Corporation.
The government’s decision to keep a 23 July bid deadline for the sale of Sydney Motorway Corp would require Transurban to submit before the competition watchdog issues its ruling on the move in September.
The group targets earlier-stage projects after selling Europe’s largest onshore wind farm and ploughing €270 million into a new 235MW site in the same country.
The ACCC’s continued competition concerns and the postponement of its decision until September could also delay the sale process of the toll road operator, with final bids due on 23 July.
At €53 per share, VTG considered the US fund manager’s bid ‘not appropriate' representing a premium of only 4% on the volume-weighted three-month average share price.
The deal would give the duo a weighty PFI portfolio, while capping off a challenging 12 months for the listed fund.
India’s GVK moves the $2.3bn greenfield development, initially approved in 2007, to the construction phase.
The Granville Wind Farm commitment is CEFC’s largest Tasmanian investment to date and the fourth asset owned by the Palisade Renewable Energy Fund.
The Canadian fund manager has agreed to buy Enbridge’s Western Canadian natural gas gathering business for an enterprise value of $3.3bn, following its $1.1bn acquisition of AT&T’s data centres.
The sovereign wealth fund’s investment comes ahead of a planned IPO by the company, which has increasingly been diversifying towards renewable energy globally.
The investment was made on behalf of an Australian LP and a new European client.
The Norwegian Export Credit Guarantee Agency is helping to secure the PPA for the 197.4MW wind farm bought by GRP II, the firm’s latest renewables fund, now more than 75% deployed.