Macquarie-backed renewables developer shops NSW solar farm

The Australian Financial Review04-24

UK-based Island Green Power’s focus has been on Europe. The group is backed by Macquarie Asset Management, which acquired a 50 per cent stake via the Macquarie Green Investment Group Renewable Energy ...

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The group is backed by Macquarie Asset Management, which acquired a 50 per cent stake via the Macquarie Green Investment Group Renewable Energy ...</p>\n\n<a href=\"https://www.afr.com/street-talk/macquarie-backed-renewables-developer-shops-nsw-solar-farm-20240423-p5fm02\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://www.afr.com/street-talk/macquarie-backed-renewables-developer-shops-nsw-solar-farm-20240423-p5fm02","article_id":"2429533149","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2429533149","pubTimestamp":1713898800,"sourceInfo":{"source_id":"afr_stock","name":"The Australian Financial Review"},"weMediaInfo":null,"summary":"UK-based Island Green Power’s focus has been on Europe. 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The group is backed by Macquarie Asset Management, which acquired a 50 per cent stake via the Macquarie Green Investment Group Renewable Energy Fund 2 in March 2022. Its pipeline of projects stretches to over 9GWs in the UK, New Zealand and Spain. Acton, a Canberra-based boutique run by a bunch of former Macquarie Capital infrastructure bankers, is advising the sellers.Once built, Hay Sun Farm is expected to generate enough power for up to 41,000 homes. Connection is expected in the second half of 2025.Acton has been across several solar farm deals this year. It was called in by European renewables developer OX2 to find a buyer for its 118.8-megawatt wind farm near Victoria’s Horsham. The Horsham Solar Farm is located in the Western Victoria Renewable Energy Zone, giving it a leg-up in accessing electrical infrastructure while minimising technical or heritage constraints.Renewables dealmaking has slowed considerably in recent months as bidders become cautious about paying up for yet-to-be-developed assets and construction costs rise, despite a push towards lowering carbon emissions from governments and corporates.Earlier this month, GPG Renewables Australia – tipped to be the sector’s biggest deal since CWP Renewable’s $4 billion-plus to Andrew Forrest’s Squadron Energy – pulled the brakes on an auction after initial bids failed to woo the sellers.Suitors were told GPG would instead focus on taking its four under-construction wind farms to fruition before picking up the sale process in the next 12 to 18 months. 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