Street Talk

Acciona’s waste-to-energy plant Kwinana hunts 50pc partner; sale docs

Sarah Thompson, Kanika Sood and Emma Rapaport

Jul 9, 2025 – 5.00am

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Fire up your engines, preliminary sale materials for Acciona’s Kwinana Energy Recovery, dubbed Australia’s first large-scale waste-to-energy facility, are out, and Street Talk has a copy.

This column revealed Spanish energy giant Acciona was seeking to divest at least 50 per cent of its holding in the KER facility last month, hiring RBC Capital Markets to launch the process. The deal includes selling property, systems and ancillary equipment.

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.