There’s a new renewable energy business on the M&A circuit.
Street Talk understands Chinese wind turbines bigwig Xinjiang Goldwind ScienceTechnology has hired Lazard’s investment bankers to weigh options for wind and solar farms owned by its local outpost, Goldwind Australia.Sources said there was no flyer yet but if Goldwind Australia’s projects were to come up for sale, they would be less than a third ofGoldwind Australia has been around since 2009 and invests in, builds and maintains winds and solar farms.
Its first project was a 19.5 megawatts wind farm in Victoria called Mortons Lane. It’s also aimed for bigger projects, including the 530 megawatts Stockyard Hill offloaded by Origin Energy, big chunks of which are still under construction.In all, it runs seven wind farms and two solar farms and has three wind farms under construction, according to its website.
Together, the operational projects were understood to be able to produce about 500 megawatts of power. Xinjiang Goldwind’s interest in testing the market comes at a time when there’s a plethora of Australian renewables portfolios and projects in front of potential buyers. Others with assets on the block include Vestas Wind Systems, which has Azure Capital seeking buyers for its stake in Queensland’s
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Single flu and COVID test coming, but not in time for this flu seasonThe growing acceptance of rapid tests to detect COVID-19 has sparked hopes that Australia could better manage the spread of flu through similar self-diagnostic testing.
Read more »
'A bunch of ratbag, lesbian feminists': the coming-out story of Australia's first LGBTQIA+ football teamFounded in 1982 by a group of radical, feminist, queer women in South Australia, the Adelaide Armpits were trailblazers for LGBTQIA+ football clubs in Australia.
Read more »
‘Fault all round’: Peter Dutton aims to deflect blame for Australia’s energy crisisLiberal leader says Coalition made ‘huge investments’ in renewables when in power and blames states for locking up gas reserves
Read more »
Single flu and COVID test coming, but not in time for this flu seasonRapid at-home influenza tests won’t be widely available until next year at the earliest.
Read more »
'Their final resting place is on Country': Sacred Indigenous objects returned to Warlpiri people'All the objects overseas, if they belong to Warlpiri, they need to come back to our Country, where they come from.'
Read more »
Protesters across Australia demand an end to armed police in remote Indigenous communitiesProtesters have marched across Australia calling for a 'ceasefire' in Indigenous communities by disarming police.
Read more »