UK-listed global infrastructure player John Laing Group has kicked off a sale process for its Australian portfolio of renewable energy assets. Street Talk understands Macquarie Capital has been mandated to test buyer appetite for the five wind and solar farms that have a combined generation capacity of about 500 megawatts.
Included in the sale are the Cherry Tree wind farm in Victoria, the Finley solar farm in southern NSW and the Granville wind farm on Tasmania’s west coast. ________________
Ash here.
I doubt IFN would want to buy this kit, although a transaction at giddy prices may oblige Mr Market to revalue IFN.
Cherry Tree and Kiata are already despatched by IFN, under the preferred Capital Lite model. It JV's Hornsdale Wind SA 309Mw, where the Tesla battery is and operated by Neoen, and under-construction Granville Harbour Tas 112Mw.
Solar (Sunraysia 255Mw, Finley 180Mw) has no appeal as they compete with price-insensitive rooftops.
