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
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