Canadian institutional investor Caisse de dépôt et placement du Québec (CDPQ) has paid AS167m (US$112m) for a 24.9% stake in the Sydney Metro project from Palisade Investment Partners – one of the sponsors in the Northwest Rapid Transit (NRT) consortium.
Land owner associations have taken out a temporary injunction order on the US$14bn expansion of the PNG LNG project and the construction of the Papua LNG project.
The New South Wales government has confirmed that the construction of the Western Harbour Tunnel and the Beaches Link to Sydney’s northern suburbs will be delayed by a year and the project cost estimates are now more than A$14bn (US9.4bn).
The Federal and Queensland governments have signed a bilateral agreement to deliver Queensland’s part of the US$10bn Inland Rail project.
ASX-listed 1414 Degrees is buying SolarReserve Australia II Pty Ltd, which owns the Aurora Solar Energy Project near Port Augusta in South Australia and two solar sites in New South Wales. The deal is worth A$2m.
Canberra Data Centres has signed a A$1.5bn (US$1bn) five-year loan for refinancing and development of a data centre at Eastern Creek in Sydney’s west.
Sydney-based poles and wires company TransGrid has raised a A$355m (US$241m) five-year loan from ANZ, BNP Paribas, Mizuho Bank, RBC Capital Markets and Societe Generale. RBC is acting as adviser.
Ontario Teachers Pension Plan, Utilities Trust of Australia and The Infrastructure Fund are reported to have hired RBC to start talks with the project lenders to double the size of the Sydney desal project.
Singapore-based Sun Cable, which is proposing to build a huge solar farm in the Northern Territory of Australia and send the power via a 3,000km undersea cable to Singapore, has raised an estimated A$20m to A$40m (US$27m) in initial capital.
Palisade Investment Partners, which owns 49.5% of the Port of Portland, has refinanced the port’s debt with a seven-year, A$78m (US$533m) loan provided by ANZ and NAB.
The New South Wales government will establish a renewable energy zone to attract 3,000MW of investment in the state’s central west.
The New South Wales government is calling for bids to provide fast-response dispatchable energy to power government-owned hospitals, schools and government buildings.
The Victorian government has released new details on the proposed A$50bn (US$34bn) Suburban Rail Loop project in Melbourne.
Genex Power has struck a new agreement with Japanese utility J-Power to buy equity in the Kidston pumped storage hydro project. The deal is subject to a new offtake agreement with EnergyAustralia being sealed.
FRV is seeking approval to build a 100MW solar farm with a 50MW/100MWh battery in South Australia’s Clare Valley.
Adani is now looking to the Adani companies in India to fund the US$1.7bn that would be required to build the Carmichael coal mine and rail project in Queensland.
Tilt Renewables has received development approval for its 300MW Palmer wind farm in South Australia following a three-year court battle with local landowners.
Bids were submitted last week for the sale by Tilt Renewables of its 270MW Snowtown 2 wind farm in South Australia.