Utility-scale renewables in Australia are set to be boosted by REHubs. The new hubs combine multiple shared connections to the network. By John Arbouw.
The New South Wales government has shortlisted three bidding consortia for the Regional Rail public-private partnership tender to replace the entire rolling stock of its regional train network, Thomson Reuters LPC reports.
Transurban has reached contractual close on the West Gate Tunnel project. It will launch a A$1.9bn equity raising to complement a A$500m debt facility to fund construction of the Melbourne scheme.
The Cross Yarra Partnership, which won the PPP mandate to build the Melbourne Metro Tunnel project in Victoria, is expected to launch about A$1bn of the debt into general syndication next week following financial close this week.
The Victorian government is reported to be ready to provide preliminary details on the sale of its land titles office. The details relate to what is and what is not for sale within the office. A scoping study on the sale is expected to be delivered this month. UBS and Minter Ellison are handling the study while Flagstaff Partners is advising the government.
The Australian Rail Track Corporation (ARTC), the agency responsible for the US$10bn Inland Rail project, is seeking a director, public-private partnerships, to lead the development of the PPP section of the project.
Sydney M2 owner Hills Motorway Group has raised a A$407m (US$309m) five-year loan to refinance A$405m of debt due to mature in March 2018. The asset is owned by Transurban.
The funding for the US$120m, 58MW gas fired NuiPower station will involve the PNG government providing around US$18m of equity. Oil Search through its power subsidiary in PNG is expected to match this.
International Public Partnerships and AMP Capital have paid out A$175m (US$147.6m) to acquire the New South Wales government’s interest in Reliance Rail. The buyout was the last hurdle to the A$2.25bn refinancing of the Reliance Rail debt.
Oil Search recently invited lenders to PNG to discuss project financing for upcoming LNG projects. While oil prices continue to be depressed, the future of LNG is bright with strong market fundamentals, Oil Search says.
Macquarie Group, which is the manager of the Hobart Airport in Tasmania, has offered, according to media reports, to lower its management fee from 150bp to 60bp. The offer comes as Palisade Investment Partners lobbed a bid last month to take over the management of the airport.
Partners Group is reported as having pulled out of the bidding for the US$780m Metronode data centre. Partners Group, which was being advised by ANZ and Carter Capital, had only recently signalled its intention to bid.
Adani’s hope of securing finance from Chinese banks to fund its Carmichael coal project in Queensland is looking more doubtful than ever.
Robert Friedland’s Clean TeQ Holdings has brought ICBC into the banking group - alongside Societe Generale, NAB and Natixis - to fund its Sunrise nickel, cobalt and scandium mine in New South Wales.
The Stage 1 Kidston solar project has started generating revenues, with electricity from the project now being transmitted to the National Electricity Market.
Sun Brilliance, which is building a 128MW solar farm set for construction in Western Australia’s Wheatbelt region, has confirmed it will sell its PV generated electricity into the local grid on a merchant basis, after signing an agreement with WA network operator Western Power.
Adani Australia Renewables has, according to media reports, hired a Japanese Bank to advise on the debt finance for the 65MW first phase of the Rugby Run solar project located south-west of Moranbah in the Mackay Region of Queensland. Adani said last month that it had signed a 13-year power purchase agreement (PPA) with a local electricity supplier.
Copenhagen Infrastructure Partners (CIP) and Offshore Energy have entered into a partnership to build an offshore wind project called Star of the South located off the coast of Gippsland in Victoria.
Maoneng Australia, which is proposing to build the 250MW Sunraysia solar project in New South Wales, has signed a 15-year power purchase agreement (PPA) with AGL for a total of 300MW.