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2 months ago | 
ionanalytics.com | Rob Clow |Jessica Wong |Tony Goh |Rouhan Sharma
News (Intelligence) Global Infrastructure Partners has launched a formal sale of Singapore-headquartered renewables developer Vena Energy, multiple sources told Infralogic. Indicative bids are due around now, three of the sources added. Marketing materials, including information memoranda and a financial model, were distributed to bidders late last year, said two of the sources.
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Dec 5, 2024 | 
ionanalytics.com | Rob Clow |Rouhan Sharma
News (Intelligence) Singapore-based Equis Funds Group is raising construction debt to finance its 300 MW/600 MWh Calala Battery Energy Storage System (BESS) near Tamworth in New South Wales, according to three sources. Calala has a unique revenue structure and multiple senior debt facilities, according to one source, who added that financing for the AUD 400m project is three-times oversubscribed.
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Nov 22, 2024 | 
ionanalytics.com | Rob Clow |Keane Hoo
News (Intelligence) Australian renewables records are falling like nine-pins. On Wednesday 6 November renewables contributed to 75.6% of the power going into the National Electricity Market (Australia’s east coast network), according to the Australian Energy Market Operator (AEMO). That figure beat the previous record of 75.2% set on 30 October, which beat the previous record of 72.2% set on 9 September. But this rising tide is not lifting all boats.
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Nov 18, 2024 | 
ionanalytics.com | Rob Clow |Edith Leung
News (Intelligence) FRV Australia has emerged as the likely winner of the auction for Statkraft’s 1.7 GW portfolio of Australian renewables assets, according to three sources familiar. The participants are aiming to close the transaction by Christmas, although two of the sources thought that the timetable could slip. FRV is not yet nailed down as the winner but looks to be in a strong position, the sources said.
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Nov 15, 2024 | 
ionanalytics.com | Jessica Wong |Rob Clow |Edith Leung
News (Intelligence) Canadian independent power producer Northland Power is exploring a full or partial sale of its offshore wind projects in South Korea, according to two sources familiar. The developer held preliminary talks earlier this year with advisors and potential buyers ahead of the country’s next round of auctions, the sources said.
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Nov 5, 2024 | 
ionanalytics.com | Rob Clow |Shaun Drummond |Keane Hoo
News (Intelligence) Participants in the Zenith Energy sale are citing two different sale structures. Two sources close to the process said the deal is for a 50% stake, that OPTrust will sell out, Pacific Equity Partners will roll some of its holding into a continuation fund and Foresight will maintain its exposure. Two other sources, also close to the process, said that the structure has not been settled, but could range from 50-100% and OpTrust is a long-term investor.
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Oct 25, 2024 | 
ionanalytics.com | Jessica Wong |Rob Clow |Keane Hoo
US-based solar and battery developer Pacifico Energy is selling Pacifico Energy K.K., its USD 1bn-plus Japanese renewables platform, according to three sources. Bank of America, which is advising on the process, launched the sale in late September and plans to collect first round bids before the end of this year, one of the sources said.
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Oct 4, 2024 | 
ionanalytics.com | Rob Clow |Shaun Drummond |Rouhan Sharma
Bank of America is due to shortlist bidders for Neoen’s Victorian renewables assets this week, according to three sources familiar. Iberdrola and Engie are among those competing for the assets, the sources said. RBC is advising Iberdrola, and Lazard also has an advisory role, they said.
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Sep 27, 2024 | 
ionanalytics.com | Jessica Wong |Rob Clow |Rouhan Sharma
INPEX has appointed Mizuho Bank as financial advisor for its USD 20bn Abadi liquefied natural gas (LNG) project in Indonesia, according to two sources familiar. The operator aims to raise up to USD 14bn in project financing from commercial lenders and export credit agencies (ECA), the sources said. It has received several early indications of support from lenders, including SMBC, Mitsubishi UFJ Financial Group and Mizuho, after conducting a market sounding, according to one of the sources.
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Sep 25, 2024 | 
ionanalytics.com | Rob Clow |Jessica Wong |Rouhan Sharma
Copenhagen Infrastructure Partners (CIP) last week sent out a request for proposals seeking a financial advisor for its 1 GW San Miguel Bay offshore wind project in the Philippines, according to three sources familiar. The successful financial advisor would have to work with Philippines banks, international banks and export credit agencies to fund the project, one of the sources said.
