July 2024
Elecnor blames earnings slump on SA-NSW high-voltage cable project
EnergyConnect’s Spanish contractor has recorded a provision of $13.98 million for losses on its Australian projects in the six months to June 30.
- Jenny Wiggins and Angela Macdonald-Smith
May 2023
Malaysia’s Tenaga Nasional wins Spark Renewables auction
KKR, Ontario Teachers and PSP Investment Board are set to sell their solar and wind platform Spark Renewables to Malaysian electricity giant Tenaga Nasional, bringing to close a four-month-long auction run by Lazard’s bankers.
- Sarah Thompson, Kanika Sood and Emma Rapaport
April 2023
Spark Renewables auction down to four bidders, Malaysia’s Tenaga leads
Street Talk understands a long list of tyre kickers has thinned out, where Macquarie Asset Management is squaring off against ENGIE and Tenaga Nasional.
- Sarah Thompson, Kanika Sood and Emma Rapaport
June 2022
Transurban, APA Group ‘ripe for takeout’ in shrinking public market
The surge in inflation is spurring demand for infrastructure assets, with more listed companies forecast to fall off the Australian Securities Exchange as big funds take advantage of the sharemarket turmoil.
- Jenny Wiggins
Diggers and loaders sell over the odds as used equipment market surges
Distortions in the pricing of civil construction plant and equipment are one consequence of the stay on liquidation and enforcement during the pandemic.
- Michael Bleby
December 2021
ESG poised to drive more energy upheaval
After an unprecedented year of M&A across the energy sector, the pressure to decarbonise is expected to drive more deals in 2022 – but the pickings will be thinner.
- Angela Macdonald-Smith
KKR consortium takes keys to Spark, board resigns
Spark Infrastructure’s board and chairman have resigned as the new owners, a consortium led by private equity giant Kohlberg Kravis Roberts, take control.
- Elouise Fowler
November 2021
Spark Infrastructure takeover gets foreign investment approval
The consortium led by private equity giant KKR will get the keys to the power grid operator on December 22 if the NSW Supreme Court approves the scheme.
- Elouise Fowler
Spark shareholders approve $5.2 billion takeover
Spark Infrastructure shareholders have voted to approve a $5.2 billion takeover of the power grid operator by a consortium led by private equity giant KKR.
- Elouise Fowler
- Exclusive
- Energy storage
Large-scale batteries set to proliferate as costs drop: Lumea
The TransGrid business anticipates adding up to 10 more large-scale batteries to its portfolio in the next two to five years now that they can be developed on a fully commercial basis.
- Angela Macdonald-Smith
October 2021
Spark’s independent expert signs off on ‘premium’ takeover bid
The bid is 2¢ above the upper range of the independent expert’s valuation of the company.
- Updated
- Elouise Fowler
September 2021
- Opinion
- Chanticleer
Low rates fuel bid frenzy
As long as interest rates remain low, the world’s largest investors will seek to privatise the last remaining producers of reliable cash flow.
- Tony Boyd
- Opinion
- Shares
Utility plays that offer income as well as growth potential
While they’re traditionally bought for dividends, there are significant opportunities in big moves to reduce carbon emissions.
- Mark Draper
How to ride the dividend wave
An army of investors needs to know if the income bonanza will last as low rates crush returns on cash and fixed interest.
- Updated
- Tony Featherstone
August 2021
M&A, decarbonisation dominate energy and resources
The profits of the commodities boom are allowing mining and energy companies to approach the global energy transition as choosers rather than beggars.
- Updated
- Peter Ker and Angela Macdonald-Smith
Spark expects renewable projects to go ahead amid $5.2b takeover
Spark Infrastructure’s boss says there are no signs the company’s renewable project pipeline will be put on ice.
- Elouise Fowler
Investors cheer Spark Infrastructure’s $5.2 billion takeover
Spark Infrastructure’s board has agreed to a $5.2 billion takeover, recommending investors sign off on the deal unless a superior offer emerges.
- Elouise Fowler
Fat lady warms up vocal chords at Spark Infrastructure
Spark Infrastructure’s board is expected to sign off on a $5.2 billion takeover as early as Monday night, so that it can be presented to investors with the group’s half-year results slated for Tuesday.
- Anthony Macdonald and Yolanda Redrup
- Exclusive
- Gas crisis
Dash to 100pc hydrogen for homes by 2025: AGIG
The country’s largest natural gas distributor expects to have 100 per cent green hydrogen available for new housing subdivisions by 2025 as part of its strategy to survive in a net zero emissions future.
- Angela Macdonald-Smith
July 2021
Spark’s sweetened offer may see off rivals
Spark Infrastructure has agreed to engage with its suitors on a potential $5.2 billion takeover but still hasn’t ruled out seeking rival bids.
- Updated
- Angela Macdonald-Smith