Daniel Kemp
The bidders’ brown-to-green plan for Origin Energy eclipsed significant competition concerns in the Australian watchdog’s landmark decision.
Australia’s competition watchdog said Brookfield’s Global Transition Fund would have a ‘strong imperative and commercial incentive to lower emissions quickly’, outweighing vertical integration concerns.
Morrison & Co’s Steven Fitzgerald said the investment is consistent with its decarbonisation thematic and ‘fundamentally’ has the characteristics of infrastructure.
The ACCC’s decision to oppose Transurban’s EastLink bid shows it has become serious about toll road competition.
As the infrastructure world distances itself from China, market participants tell Infrastructure Investor what happens next.
CFO Andrew Cross sees climate-related investments as a major focus for the years ahead, with climate a ‘cross-border issue’.
The manager will invest in Chow Energy to help develop its 1GW solar pipeline, as it eyes future investments in the country.
The decision is the first time the ACCC has blocked a Transurban toll road deal and opens the door for other investors to acquire a majority stake in EastLink.
A lack of social licence to build power lines, coupled with materials and labour shortages, stand in the way of a rapid exit from fossil fuels.
The firm has now raised A$550m for its open-end renewables platform since launching a year ago, with plans to build a portfolio worth A$10bn.