Street Talk

Edify Energy seeks buyer for $3b green pipeline; Lazard hired

Sarah Thompson, Kanika Sood and Emma Rapaport

Mar 19, 2025 – 5.32pm

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Already a subscriber?

One of the country’s biggest renewable energy developers is officially on the market after mandating bankers at Lazard Australia. Founded in 2015, the company now has a project pipeline of around $3 billion, leaving it looking for deep pocketed backers to get the green dream off the ground.

The arrival of Lazard dealmakers at Edify comes just days after it struck a deal with Rio Tinto that should underpin $2 billion of investment in solar farms and batteries in central Queensland. The mining giant will buy 90 per cent of the output from two solar and battery projects to be built by Edify for 20 years to use at its aluminium operations in Gladstone.

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.