Latest news with #Neoen
Yahoo
12-08-2025
- Business
- Yahoo
Atmos Renewables acquires 316MW Hornsdale wind farm in Australia
Australian renewable energy company Atmos Renewables has reached an agreement to purchase Neoen's majority stake in the 316MW Hornsdale wind farm, South Australia. The acquisition represents a significant operational milestone for the company and strengthens its presence as a long-term renewable energy operator across the country. It also reinforces its presence across all connected states, including the National Electricity Market (NEM) and Wholesale Electricity Market (WEM). Operational since 2017, Hornsdale supplies clean energy to the Australian Capital Territory (ACT) government under a feed-In tariff arrangement. Atmos previously held minority stakes across three stages of Hornsdale and will now assume full ownership upon completion of the transaction, which is expected in late 2025. The deal will elevate Atmos's internally managed portfolio to more than 1GW for the first time, enhancing the company's operational capabilities. Atmos Renewables CEO Nigel Baker stated: 'This is a milestone that reflects not just scale, but operational maturity. Managing more than 1GW of clean energy assets in-house signals that we're here for the long haul and set up for further growth – with the people, systems and experience to operate responsibly and efficiently at scale. 'As we grow, we remain focused on delivering energy reliably and continuing strong, respectful relationships with the communities and stakeholders who host our projects.' Atmos has more than 1.5GW of wind, solar, and battery assets across 18 projects in Australia. Several other capacity development projects within its portfolio are currently progressing, such as the 100MW/400 megawatt-hour Merredin battery energy storage system in Western Australia. In June 2025, GenusPlus Group secured a contract valued at A$65m ($45.13m) from Atmos Renewables for the design and construction of the Merredin BESS, and associated substation works. "Atmos Renewables acquires 316MW Hornsdale wind farm in Australia" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
AU Financial Review
11-08-2025
- Business
- AU Financial Review
Brookfield's Neoen weighs offloading SA's Hornsdale Wind Farm
Brookfield has only just finalised a deal to sell the Victorian assets of its newly acquired Neoen renewable energy platform – and it's already thinking about its next deal, considering the sale of a majority stake in South Australia's Hornsdale Wind Farm north of Adelaide. The Canadian asset manager spent $10 billion buying the French renewables developer, and its sprawling Australian assets, but was forced to offload the Victorian portfolio to defray competition concerns. Thankfully, David Di Pilla's HMC Capital turned up and secured the asset.
Yahoo
09-07-2025
- Business
- Yahoo
Temasek Just Dumped $33B -- Here's Where That Money Is Headed Next
Temasek isn't tiptoeing around portfolio shifts. The Singaporean state investor just posted its biggest annual sell-off ever divesting S$42 billion ($33 billion) worth of assets in the fiscal year ending March. At the same time, net portfolio value climbed to a record S$434 billion, boosted by strong performances from key local names like DBS Group (up 42%) and ST Engineering (up 69%). Listed equities now make up more than half its holdings the first time that's happened in four years as public market gains outpaced its private book. Temasek logged an 11.8% one-year return, a sharp rebound from the previous year's 1.6%, with net new investments totaling S$10 billion, including fresh positions in French renewable player Neoen and India's Haldiram Snacks. Warning! GuruFocus has detected 4 Warning Signs with NVDA. But this wasn't just some spring cleaning. We have to be very disciplined in divestments, said CFO Png Chin Yee, pointing to exits ranging from Singapore Airlines bonds to Pavilion Energy (sold to Shell). CIO Rohit Sipahimalani added that the sales were pretty much across the board. China's weighting in the portfolio dropped again now at 18%, down from 29% in 2020 with Mapletree and CapitaLand still managing over S$11 billion in mainland property exposure. Despite some stability, Sipahimalani cautioned that China's property sector is not out of the woods. Meanwhile, the U.S. and India are getting more attention: Temasek's allocation to the Americas rose to 24%, and India climbed to 8%, marking a pivot toward regions with stronger near-term momentum. Temasek is also leaning hard into AI. Stakes in Nvidia (NASDAQ:NVDA), Broadcom (NASDAQ:AVGO), and several AI-focused venture funds anchor a long-term bet that's just getting started. We're not even at the tip of the iceberg yet, said Deputy CEO Chia Song Hwee, who sees a 15- to 20-year runway ahead. Despite April's tariff headlines and political noise, management doesn't expect a global recession, with markets showing more resilience to macro shocks. The strategy now? Exit aging bets, reinvest in secular tailwinds like artificial intelligence and clean energy, and keep reshaping the portfolio with discipline. In Temasek's world, agility isn't optional it's the core playbook. This article first appeared on GuruFocus. Sign in to access your portfolio
Business Times
09-07-2025
- Business
- Business Times
Temasek to increase exposure in AI, core-plus infrastructure
[SINGAPORE] Singapore investment company Temasek is increasing its exposure to 'promising opportunities' in artificial intelligence (AI) and core-plus infrastructure. AI is a 'two-decade opportunity' with the potential to transform industries, said Chia Song Hwee, the deputy chief executive officer of Temasek. Core-plus infrastructure 'provides resilient, risk-adjusted returns and stable cash use', said Temasek's management in a media briefing for the launch of its annual Temasek Review released on Wednesday (Jul 9). These asset classes are part of Temasek's global direct investments, which make up 36 per cent of its portfolio. Temasek's Singapore-based portfolio companies and partnerships with other investors and asset management companies make up 41 and 23 per cent of its portfolio, respectively. In the AI space, Temasek is looking to increase its opportunities across the value chain. This includes AI companies that are growing at an 'exponential pace', physical infrastructure to support AI and emerging AI innovators that can disrupt the market. Some of the companies that Temasek has already invested in include chipmaker Nvidia and software company Intapp. Temasek has set up AI-related ventures which can work with its portfolio companies to improve their value. For example, it founded software company Aicadium in 2021 to provide AI solutions to companies. It has also invested in AI funds such as AI Infrastructure Partnership, which is backed by Microsoft and BlackRock. Core-plus infrastructure Temasek is also looking at core-plus infrastructure, a type of infrastructure asset class that is riskier than traditional infrastructure, but safer than growth infrastructure investments. They include assets such as data centres, infrastructure to support energy transition infrastructure and ageing infrastructure that needs to be replaced. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Temasek is deploying its capital into this asset class in a few ways. It is doing so directly through its portfolio companies that have deep expertise in the area and through investments in funds. It is also partnering global investors, such as in its partnership with Brookfield to acquire a stake in French renewable energy producer Neoen. Lim Ming Pey, the chief of staff at Temasek's executive office, told The Business Times that when it comes to its global direct investments, Temasek prefers to invest in companies that have a track record of stable cash flow, have access to a large domestic market, and have a relatively resilient supply chain. 'Such companies are better protected against the risk of tariffs or other geopolitical impacts,' said Lim. In the past year, Temasek has invested in Indian snack company Haldiram's, Neoen and China's largest restaurant operator Yum China. Alternative assets will also be an 'important return driver' for Temasek in the years ahead, said Lim. These assets mostly form the third segment of its portfolio, which consists of investments in funds, partnerships with other investors and asset management companies. Alternative investments help to diversify Temasek's portfolio beyond equities and potentially generate higher risk-adjusted returns. To that end, Temasek is increasing its exposure in areas such as private credit and hybrid solutions, private equity funds, as well as liquid alternatives and uncorrelated strategies that include hedge funds, closed block insurance and royalties.
CNA
09-07-2025
- Business
- CNA
Temasek's ‘sustainable living' portfolio grows by S$2 billion
SINGAPORE: Temasek's sustainable living investment portfolio value increased by S$2 billion (US$1.56 billion) in the last financial year, the state-owned investment firm announced on Wednesday (Jul 9). The S$46 billion portfolio comprised S$39 billion in sustainability-focused investments and S$7 billion in climate transition solutions. This made up 11 per cent of Temasek's net portfolio value. This is the second time the investment firm is revealing a sustainability report at the launch of its annual Temasek Review, where it announced S$434 billion in net portfolio value as of Mar 31. Temasek added S$4 billion of investments to its sustainability portfolio in the last financial year, covering areas including renewable energy, clean energy solutions and low-carbon iron production technology. Some companies it invested in included France-based renewable energy company Neoen, which it partnered with Canadian fund Brookfield to buy out in May 2024. It also invested in Sweden-based clean energy solutions provider Aira, as well as United States-based ammonia-to-power solutions provider Amogy and low-carbon iron production technology provider Electra. Another investment was in India-based SarvaGram, which provides financial and productivity-enhancing solutions to rural households in its country. This past financial year, as part of its investment in climate transition solutions, Temasek partnered with Energy Capital Partners as well to acquire clean energy transition company Atlantica Sustainable Infrastructure, which is based in the United Kingdom. Temasek said it has so far reduced net carbon emissions attributable to its portfolio by about 4.55 per cent from 2010 levels. By 2030, it hopes to halve it from 2010 levels to 11 million tonnes of carbon dioxide equivalent (MtCO2e) and by 2050, to achieve net zero emissions. The proportion of Temasek's sustainability investments remained 'roughly the same' as the previous year's, its chief investment officer Rohit Sipahimalani said. Responding to a question about the US pulling back from sustainability efforts under President Donald Trump and whether it would affect Temasek going forward, he said that the firm had stepped up its investments in sustainability in the past year compared to the previous year. Even in the US, large multinational companies are still 'very committed' towards their net zero goals, Mr Rohit added. 'We're not seeing a change that way from the end demand for moving towards a lower carbon world, moving away from fossil fuels into renewables.' He also said that Temasek saw significant opportunities to take part in this transition in ways that would be 'financially attractive regardless of government subsidies'. Its chief sustainability officer Park Kyung-Ah said that renewable energy technology, especially solar energy, is the 'most competitive' type of energy in most places around the world, and battery storage is on a similar trajectory. These are also being deployed faster than traditional forms of energy, she added. 'If you look at the total picture, the opportunity sets are quite compelling, despite some of the short-term volatility.' Singapore Airlines (SIA), Sembcorp Industries, Olam Group, PSA International and ST Telemedia contributed 82 per cent of Temasek's total portfolio emissions – the same five companies as the previous financial year. In particular, SIA contributed 43 per cent of total portfolio emissions. The changes in total portfolio emissions throughout the year were mainly attributable to an increase in emissions from SIA, driven by strong demand for air travel and cargo uplift, Temasek said in its report. The emissions reporting boundaries of other portfolio companies were refined and expanded and these also affected the changes. These were balanced out by a decrease in emissions from Sembcorp Industries, decarbonisation efforts of some other companies, as well as changes to the composition of Temasek's portfolio.
