Australian renewable projects are facing blocks to financial closings. Rising EPC costs and grid access provide the obstacles. By John Arbouw.
InfraRed Capital, one of the stakeholders in the Wiri prison in Auckland, is reported by industry sources to be in the market to sell its share.
InfraRed Capital Partners has won the tender for the first A$300m (US$208m) phase of Curtin University’s industry-connected innovation exchange precinct project under a 35-year partnership.
New Zealand-based hydrogen infrastructure developer Hiringa Energy and fertilisers producer Ballance Agri-Nutrients are reported to be in talks with lenders to fund a NZ$50m (US$33.1m) wind farm in south Taranaki.
Dutch infrastructure company DIF and its consortium partners have reached financial close on the Bay Village A$400m (US$278m) workers accommodation facility, which will support North West Shelf and Pluto LNG projects in Karratha, Western Australia.
Victoria’s Premier Daniel Andrews has told an AFR infrastructure conference that he will struggle to deliver a record A$100bn (US$73bn) infrastructure agenda unless there is greater help from global construction firms.
Canadian Solar has hired MPower to construct a 6.8MW solar farm at Mannum in South Australia.
Genex Power, which is building the Stage 2 Kidston hydro (K-2 Hydro) in Queensland, has secured Japanese company J-Power as a partner in the project.
The Queensland Government has allocated A$250m (US$173.9m) to CleanCo, the new publicly owned electricity generation and trading company that has a mandate to build, own and operate new commercial renewable energy generation in Queensland.
West Australian energy company Alinta is planning to build a 60MW solar project next to Fortescue Mining Group’s Christmas Creek iron mine in the Pilbara region of Western Australia.
Energy generator and retailer AGL has cancelled its A$3bn (US$2.09bn) takeover bid for telecoms company Vocus following a look at the company’s books during the due diligence process.
The Queensland government may have given final environmental approval to Indian company Adani last week to build the Carmichael coal mine in the Galilee Basin, but financing of the project is still uncertain.