Billion-dollar bids are powering M&A activity in Australia’s renewable energy sector, with suitors willing to cough up for development pipelines as well as operating assets.
A activity in Australia’s renewable energy sector, with suitors willing to cough up for development pipelines as well as operating assets.’s Australian and South East Asian assets to Thailand’s Ratch Group, JPMorgan energy and resources banker Greg Zdun said renewable deals in the region were picking up in scale.
Other billion dollar deals include Tilt Renewables , Macarthur Wind Farm , Infigen Energy and Nexif, signed last week.which has 1.5 gigawatts operational or under-construction), but significantly more at about 11.5 gigawatts in the pipeline. Partners Group is calling for indicative bids on September 12.
As such, bidders are increasingly wanting to invest in “platforms” - renewable businesses with generators, teams and systems - rather than standalone assets. The new style of bidders stretches to consortiums, with tag teams featuring investors with the two return profiles - those willing to take some market risk, and those wanting to stick to traditional infrastructure roles.
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