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    Power network

    May

    Qld union’s 13pc pay rise may spoil energy relief

    One of the biggest first-year pay rises in the country could add 30 per cent to costs, as Labor rolls out $1300 in household energy relief ahead of the October state election.

    • David Marin-Guzman
    The lack of offers to fund nuclear power has been deafening.

    Private capital not there for nuclear dream

    There’s vested interests everywhere in the energy sector, but it’s hard to find a deep-pocketed investor interested in nuclear over renewables and gas.

    • Anthony Macdonald
    Neoen owns the Victorian Big Battery outside Geelong.

    CDPQ, IFM, AusSuper eye $1.6b Neoen stake, but GPG debacle looms large

    The French renewables group is working with Bank of America to sell a 30 per cent stake in its large local portfolio of assets to accelerate expansion.

    • Sarah Thompson, Kanika Sood and Emma Rapaport

    April

    Blackstone has been a prolific buyer of data centres around the world, and made little secret of its interest in AirTrunk.

    AirTrunk suitors banker up as $15b sale gets under way; data room open

    Street Talk understands DigitalBridge Group and IFM are in the process of engaging Barrenjoey, while Blackstone has Deutsche Bank and Morgan Stanley in its corner.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Steve Eisman was played by Steve Carell in “The Big Short”.

    ‘Big Short’ hero’s new big idea is one Aussie investors can ride

    Famed US investor Steve Eisman says that when things are good, markets trade on stories. But there’s one theme that stands out from the rest. 

    • James Thomson
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    November 2023

    Inside Canberra Data Centres.

    CDC Data Centres in new $1b-plus debt deal; Barrenjoey on the ticket

    CDC’s meteoric rise has been overseen by a well-regarded leadership team, which includes CEO Greg Boorer and Brett Chenoweth as chairman.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Energy Exemplar provides software tools that are used by more than 500 companies in 79 countries to simulate and forecast the electric, water, gas and renewable energy markets.

    Blackstone, Vista Equity to buy Energy Exemplar in $1.6b deal

    The acquisition of the North Adelaide-based provider of energy market software represents a bet on energy transition.

    • Updated
    • Jessica Sier

    October 2023

    New road, rail spending slumps as Labor tells premiers to cut back

    Just eight new projects valued at $6.6 billion were added in 2022-23, a sharp decline on the 24 projects valued at $25.3 billion added the year prior.

    • Ronald Mizen

    September 2023

    Czech investor ‘excited’ to be coal-fired power’s white knight

    Sev.en has cast shade on rival generators saying it is willing to help Australian governments avoid blackouts by extending the life of coal-fired power stations.

    • Peter Ker
    NSW Treasurer Daniel Mookhey.

    Mookhey plots NSW’s return to surplus in two years

    The state’s treasurer is promising voters “immediate assistance ... with long-term reform” in the Minns government’s first budget.

    • Updated
    • Samantha Hutchinson
    Lighthouse acquired the 72MW Emerald Solar Park from Renewable Energy Systems in 2017.

    Lighthouse Infrastructure launches $400m raise for solar and wind fund

    If successful, the raise would substantially increase the size of the renewable energy investor’s funds under management to about $1 billion.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Power companies in South Korea say they are considering an Australian lawsuit over manipulation of coal-testing results.

    Korean electric companies preparing Aussie fake-coal lawsuit

    The action would escalate the fallout for lab giant ALS from a scandal involving the manipulation of testing results of Australian coal marked for export.

    • Liam Walsh
    Coal truck

    Miners urge Minns to speed up mine approvals after $2.7bn royalty hike

    A coal royalty hike has dented investor confidence according to mining giants including BHP, Glencore and Whitehaven

    • Updated
    • Samantha Hutchinson and Elouise Fowler
    The NSW government will begin talks with Origin Energy to keep Eraring power station open longer.

    NSW admits it needs coal-fired power for longer

    The state Labor government will open talks with Origin about keeping Eraring power station open beyond it’s scheduled closure date to ensure reliable supply.

    • Updated
    • Samantha Hutchinson and Angela Macdonald-Smith

    August 2023

    New high-voltage transmission lines are needed to expand the grid to reach more renewables.

    Overland plan to link Sydney to Snowy 2.0 risks more NIMBY delays

    Renewable energy infrastructure across NSW could face more community roadblocks because of the Minns government’s refusal to put transmission cables underground.

    • Samantha Hutchinson
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    A review of the NSW electricity network commissioned by the Minns government has recommended Origin Energy’s Eraring coal-fired power station remain open beyond 2025.

    Giant coal-fired power station should stay open, NSW review finds

    Eraring could stay in operation beyond its current retirement date of 2025 after a NSW government review found it may be needed during the energy transition.

    • Updated
    • Samantha Hutchinson and Angela Macdonald-Smith

    June 2023

    Advisian rides the decarbonisation boom

    The consulting arm of Worley says the best time to improve sustainability is in the study phase of capital projects.

    • Michael Collins

    May 2023

    NSW energy minister Penny Sharpe.

    More than $10b needed for poles and wires in NSW renewables plan

    The cost of the infrastructure is much higher than first anticipated and is facing delays about two years to get off the ground

    • Samantha Hutchinson
    TEN owner Corey Scott said the partnership with Fortitude will “pave the way for continued expansion of our capabilities and product offering.”

    Power up! PE investor Fortitude scores perfect TEN

    Fortitude’s dealmakers are forecasting investors could double their invested capital.

    • Sarah Thompson, Kanika Sood and Emma Rapaport

    February 2023

    Higher wholesale costs are expected to drive up retail power bills.

    Power prices likely to be up 20pc even with government fixes

    Consumers are expected to face power price increases of up to 20 per cent from July 1, despite the federal government’s price caps on coal and gas.

    • Updated
    • Mark Ludlow