Sanjeev Gupta’s GFG Alliance is considering selling off its Cultana solar farm and Playford battery projects in northern South Australia as it tries to raise cash to keep other parts of its global empire afloat, including the Whyalla steelworks.
GFG has hired Ernst & Young to explore potential partnership or sale options for the flagship “green steel” energy assets, which sit in its SIMEC Energy division.
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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com
Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
