Last year it was Alinta’s tilt at Melbourne-based renewables developer Tetris Energy getting nailed by the Foreign Investment Review Board. This year it’s Beijing Energy International Australia’s turn as its $813 million bid to acquire a collection of solar farms in NSW and Queensland falls over.

Street Talk can reveal Lightsource BP’s deal to sell five utility-scale solar farms to BJEI Australia, agreed in the December 2023, has collapsed after hitting the so-called “drop-dead” date on receiving FIRB approvals. Sources said sell-side adviser Macquarie Capital has kicked off soundings with potential buyers, with the Rothschild-advised BJEI Australia no longer party to a sale agreement.