Shorter tenors have come back into fashion in the Australian renewables market. Local lenders are to the fore once again. By John Arbouw.
The partners in the PNG LNG project have entered into a mid-term LNG sale and purchase agreement (SPA) with PetroChina International (Hong Kong) Corporation for the supply of LNG commencing in July 2018.
The New South Wales government accepted Transurban’s bid this week for the sale of 51% of the WestConnex toll road project in Sydney.
A recently established company, Universal Bridging Consortium, is proposing to build a A$5bn (US$3.6bn) 14km bridge to connect the mainland in South Australia to Kangaroo Island.
One of the two partners who own Sunset Power - trading as Delta Electricity - is reported to be evaluating a bid by Denholm Capital worth around A$300m (US$222m).
BlueScope Steel has signed a seven-year power purchase agreement (PPA) with Esco Pacific to buy 66% of the output from the 175MW Finley plant located on the border of New South Wales and Victoria.
Irish renewables company DP Energy has received approval from the South Australian government for Stage 2 of its rehub project at Port Augustus.
Renew Estate and partner Wirsol plan to develop 400MW of solar capacity following approval for a 100MW solar farm on the outskirts of Canberra and a 300MW project in Queensland.
The Victorian government is due to announce the winning bids for its 650MW renewable auction next week.
Jadestone Energy has secured a US$120m three-year reserve-based lending (RBL) facility from CBA and SG to back its acquisition of the Montsara Oil project owned by PTTEP Australia.
Karan Adani, the son of the company’s owner Gautam Adani, told local media in India last week that the Adani Group has secured funding for the Carmichael coal mine in Queensland and is close to securing funding for the rail link to the Abbott Point coal loader.
The West Australian government is calling for pitches from financial advisers to help in the sale of land registry computer services company Advara, according to a report in The Australian.
Port Waratah Coal Services, the company that operates a coal-handling facility at the Port of Newcastle in New South Wales, has hired MUFG to handle the refinancing of part of its A$839m (US$622m) debt.