According to The Australian Financial Review, Chinese, French, Spanish and several big Asian companies have carved up the fast-growing large-scale solar farm development sector as they tap Australia’s booming growth in renewable energy, leaving major domestic suppliers such as AGL Energy and Origin Energy playing around the edges.
China’s Beijing Energy International has stealthily emerged as the largest owner of utility-scale solar projects in Australia, closely followed by France’s Neoen, the target of a $10 billion takeover offer from Canadian giant Brookfield, according to data from research consultancy Rystad Energy. Little is known about the intentions of Beijing Energy International, which secured its position primarily through an $813 million deal last December to buy the Australian assets of Lightsource BP, a European-owned developer. The Chinese firm said at the time that the acquisition meant its Australian assets would exceed 2 gigawatts, in a portfolio worth more than $3 billion, “marking a new era of its investment and business in Australia”. https://www.afr.com/companies/energy/why-overseas-money-is-pouring-into-australian-green-energy-20240628-p5jpiz
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