wind

AGL Energy has been forced to write down a series of PPAs with windfarms it developed and sold between 2006 and 2012, as wholesale prices continue to fall.

The London-listed fund will set aside 25% of its gross asset value for non-solar investments as it prepares for increased renewables in the system.

China will account for 42 percent of new capacity, driven by a surge in solar power projects, but Western Europe will be the ‘regional outperformer’ in terms of utilisation, Fitch Solutions says.

The fund manager will focus on the Windlab acquisition before turning to fundraising for a new vehicle, the Sustainable Australia Real Assets Fund.

The superannuation fund has partnered with Palisade and HESTA to acquire Snowtown 2 Wind Farm in South Australia.

Murra Warra’s second phase could fetch a significantly higher price than that paid by Partners Group for phase one in 2018, amid high demand for renewables assets.

The group, which counts BlackRock, John Laing and Macquarie among its members, says that the current MLF regime can ‘materially impact’ investor returns in unforeseen ways.

The new fee to fund grid construction and maintenance could dampen investors’ confidence as the country looks to develop its offshore wind sector, experts say.

The takeover of Frankfurt-listed PNE would cost Morgan Stanley close to €300m from its third fund, based on its current offer.

UK-listed firm says changes to Marginal Loss Factors produced ‘unfavourable results’ for three Australian renewables assets.