Daniel Kemp

The ACCC gives the green light to a consortium led by the toll road operator acquiring a 51% stake in Sydney Motorway Corporation, but the listed firm will have to publish data from existing concessions to level the playing field.

The Aussie superfund’s solo bid beat a joint offer from MIRA and Sunsuper, with Cbus dropping out of the process.

The airport will realise ‘significant’ cost savings from the deal, taking 95,000 MWh annually from Crudine Ridge Wind Farm, approximately 25% of the facility’s output.

The project in Victoria has a long-term PPA agreement in place with Origin Energy and is expected to appeal to mid-market renewables investors.

Now the initiative has ended, with most of the available assets in private hands, Daniel Kemp looks at the risks of taking such large businesses private.

The government could also support new coal-fired power stations as PM Malcom Turnbull gives in to pressure from MPs within his own party.

The Australian government’s flagship policy still faces a battle to secure support in Parliament, as well as from wavering state governments.

Infratil and Mercury launched a joint bid to take 100% ownership of Tilt Renewables, which holds 11% of Australia’s installed wind capacity.

The Hong Kong giant’s bid is subject to approvals from the FIRB and the ACCC regarding foreign investment and competition concerns, which could force a divestment of assets.

Policy survives crucial meeting, but Victoria and Queensland want the ruling Coalition to first rubber-stamp it, as they call for a clause to stop emissions targets from decreasing over time.