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Kahlbetzer-backed solar start-up eyes Nasdaq proceeds for SA projects

Angela Macdonald-Smith

Vast Renewables says it is aiming for final decisions on the development of two major South Australian solar projects next year after completing a deal with a special purpose acquisition company that will allow its shares to trade on the Nasdaq this week.

The deal with Nabors Energy Transition Corp (NETC), which was initially to agreed in February, will provide the company with about $US60 million ($89.4 million) in capital.

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Angela Macdonald-Smith writes on the resources industry with a focus on energy, including gas, oil, electricity and renewables. Connect with Angela on Twitter. Email Angela at amacdonald-smith@afr.com

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    Original URL: https://www.afr.com/link/follow-20180101-p5esfh