Scott Farquhar’s Skip Capital will back J-Power’s $380 million takeover bid for Genex Power, significantly enhancing the Japanese utility giant’s chances of buying the ASX-listed renewable energy developer.

Skip Essential Infrastructure Fund, which owns 19.9 per cent of Genex, “is supportive of the J-Power offer to acquire Genex Power in the absence of a superior proposal”, according to Kim Jackson, the investment firm’s chief executive and the wife and business partner of Mr Farquhar.