Today
Genex to depart ASX after investors back J-Power takeover
Shareholder approval of the deal, worth more than $1 billion including debt, was in little doubt after 19.9 per cent investor Skip Capital revealed it would back it.
- Angela Macdonald-Smith
AGL, Squadron CEOs warn of pitfalls in flagship clean energy policy
The Capacity Investment Scheme could end up supporting poor projects that only won contracts because they bid at a cheap price and which will never be built, a clean energy summit heard.
- Angela Macdonald-Smith
- Opinion
- Chanticleer
Transurban hijacks NSW toll review, raises social licence stakes
Transurban changed its tune in June, promising to be part of the solution. It has six months to come up with something better for Sydney’s drivers.
- Anthony Macdonald
AEMO chief warns no chance of nuclear replacing ageing coal plants
Daniel Westerman, who runs the energy market operator, said gas generation would remain the “ultimate backstop” as fossil fuels exit the electricity grid.
- Angela Macdonald-Smith
Yesterday
- Exclusive
- Mergers & acquisitions
Farquhar’s Skip Capital will back J-Power’s takeover of Genex
The Atlassian billionaire’s fund owns 19.9 per cent of the ASX-listed renewable energy group. Its support removes a major roadblock for the Japanese utility.
- Angela Macdonald-Smith
Labor’s green hydrogen rules for $6.7b subsidy splits producers
Criteria being proposed for renewable hydrogen could mean emissions rise instead of fall as projects “cannibalise” the grid, green advocates warn.
- Angela Macdonald-Smith
Akaysha signs $650m debt deal for giant NSW battery
The system to be built near Wellington will be one of the largest in the world. The BlackRock-owned group has also struck a supply deal with EnergyAustralia.
- Angela Macdonald-Smith
This Month
Snowy Hydro pushes gas power ambitions with major storage deal
The 25-year contract will underpin the expansion of the Iona project, and underscores expectations the fuel will remain part of the energy mix past 2050.
- Angela Macdonald-Smith
- Exclusive
- Mergers & acquisitions
Brookfield to sell Neoen assets in Vic to seal ACCC tick
The Canadian giant is in early talks to sell the 2.8-gigawatt portfolio of proposed wind and storage projects even ahead of the result of the ACCC inquiry.
- Angela Macdonald-Smith
Macquarie-owned water company faces $103m fine
Britain’s water regulator said Southern Water is too heavily geared, and must pay a fine if it doesn’t improve its “inadequate” business plan.
- Hans van Leeuwen
- Exclusive
- Rail
Victoria’s secrecy stalls cash for Suburban Rail Loop
Victoria has failed to hand over critical information about its controversial rail loop for almost two years despite seeking $11.5 billion from taxpayers.
- Ronald Mizen
- Exclusive
- Construction
Downer EDI pitches in on flailing EnergyConnect construction
The troubles at the cable project are being closely watched because its failure would imperil the entire build-out of the transmission grid, sources say.
- Angela Macdonald-Smith and Jenny Wiggins
- Professional Services Winner
- Sustainability Leaders
Would you like coffee with your concrete?
One of the world’s most polluting materials can be made less polluting. The new technology has helped Arup win the Professional Services category.
- Michael Bleby
Cable blowouts may keep SA gas plants on line
The closure of an AGL Energy gas plant near Adelaide is at risk as delays hit a key $2.3 billion electricity cable.
- Angela Macdonald-Smith
Some of the Gulf’s most influential investors? They’re Australians
The region’s state-owned investment funds that account for more than $US3 trillion ($4.44 trillion) in capital – increasingly deployed into Australian companies.
- Tom Richardson
Coal power on comeback trail as wind, solar falter
Electricity generation from coal has surged for the first time in nine years, wrecking emissions cuts and hammering home the disarray of Australia’s energy transition.
- Angela Macdonald-Smith
EQT’s latest $20b-plus infrastructure fund sets sights on Australia
The Swedish private equity firm expects to deploy billions of dollars in infrastructure by next March, and wants to add to its $11b of local deals.
- Aaron Weinman
Why overseas money is pouring into Australian green energy
The country’s electricity generation sector is being radically reshaped, and there is hardly a household name among the big participants in solar, wind and batteries.
- Angela Macdonald-Smith
Power prices to surge amid sluggish rollout of clean energy: UBS
Wholesale power prices could be almost 50 per cent higher than last year, the investment bank’s analysts warn, as renewables project development has stalled.
- Angela Macdonald-Smith
June
Stonepeak’s got company in final furlong of Global Switch auction
Stonepeak’s local dealmakers, led by Darren Keogh, have participated in several auctions for infrastructure and energy assets.
- Sarah Thompson, Kanika Sood and Emma Rapaport
