Why overseas money is pouring into Australian green energy
The country’s electricity generation sector is being radically reshaped, and there is hardly a household name among the big participants in solar, wind and batteries.
Chinese, French, Spanish and several big Asian companies have carved up the fast-growing large-scale solar farm development sector as they tap Australia’s booming growth in renewable energy, leaving major domestic suppliers such as AGL Energy and Origin Energy playing around the edges.
China’s Beijing Energy International has stealthily emerged as the largest owner of utility-scale solar projects in Australia, closely followed by France’s Neoen, the target of a $10 billion takeover offer from Canadian giant Brookfield, according to data from research consultancy Rystad Energy.
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