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Investors ‘despair’ as Australia’s PM ditches emissions reduction target

The government could also support new coal-fired power stations as PM Malcom Turnbull gives in to pressure from MPs within his own party.

GIG makes Asian solar and storage push with Conergy deal

Macquarie’s green infra investment arm buys the development portfolio, which contains no operational sites, in its drive to build an Asia-Pacific platform.

SPARX hits $424m final close on brownfield renewables fund

The new fund has a target IRR of 5% and already owns a portfolio of 12 assets purchased from a previously liquidated SPARX fund.

New Energy Solar acquisition ramps up Australian exposure

The Walsh & Co-managed entity has secured a 15-year PPA for 69% of Beryl Solar Farm’s output and is considering a battery installation to enhance risk-adjusted returns.

Longroad sells largest solar facility in Texas for $105m

The US-based renewables developer, backed by NZ Super and Infratil, is also proceeding with the construction of the 238MW Rio Bravo wind farm in the same state.

Antin awarded €112m after ‘unjustified’ Spanish solar cuts

The manager invested in the CSP sector in 2011 because it regarded it as ‘more sheltered from regulatory change’ than solar PV, which had been damaged by tariff cuts a year earlier.

High Australian electricity prices here to stay, report says

The Grattan Institute finds a correction from the historic oversupply in Australia’s energy market will ensure high wholesale prices will remain for a long time.

Greencoat raises more than €900m for solar fund II

New commitments from institutional investors have driven the renewables-focused asset manager closer to its €1.1bn target.

New Energy Solar acquires first Australian asset

The company’s CEO says changes to market conditions in the country prompted the $84m move for the 55.9MW facility in New South Wales.

National Australia Bank low-carbon portfolio closes on $148.7 million

The collection of loans to green energy projects closed with a cornerstone investment from the Clean Energy Finance Corporation.

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