Why it matters: The deal is APA’s largest investment in generation and storage
It will buy Alinta’s Pilbara portfolio for about $1.5 billion and raise capital
It helps the pipeline operator become a broader energy infrastructure group
Gas pipelines owner APA Group is set to make its biggest investment in electricity generation and battery storage assets, advancing its transformation into a broader Australian energy infrastructure group.
APA Group is set to acquire Alinta Energy’s up-for-sale Pilbara portfolio, which includes the Port Hedland and Newman power stations, the Chichester solar farm and Goldfields gas transmission pipeline, in a deal worth about $1.5 billion.
