Street Talk

Italy’s Enel poised to acquire DIF’s $800m renewables portfolio

Sarah Thompson, Kanika Sood and Emma Rapaport

Oct 27, 2024 – 2.08pm

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European infrastructure investor DIF Capital Partners and local industry super fund Cbus have found a buyer for their 80.1 per cent stake in Bright Energy Investments, the owner of a 1.1-gigawatt portfolio of solar, wind and battery assets across Australia.

Street Talk can reveal global utilities giant Enel Group, capitalised on the Italian exchange at EUR73 billion ($119 billion), has secured exclusivity over Bright Energy, besting binding offers from the Florida-headquartered I Squared Capital, Japanese-backed renewables player Atmos and local core-plus infrastructure house Palisade.

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. Email Sarah at sarah.thompson@afr.com

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com