Street Talk

Acciona eyes big payday at spruced-up Kwinana waste-to-energy plant

Sarah Thompson, Kanika Sood and Emma Rapaport

Jun 26, 2025 – 6.38pm

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Acciona is preparing to refinance and sell the country’s largest waste-to-energy project, a little over a year after wresting the development in the Perth suburbs away from Macquarie Capital and Dutch Infrastructure Fund.

The Spanish energy giant has hired RBC Capital Markets to launch a debt refinancing as well as a sale of at least 50 per cent of the plant, known as the Kwinana Energy Recovery facility.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.