Latest news with #PotentiaEnergy
Yahoo
06-02-2025
- Business
- Yahoo
Potentia Energy to acquire 1GW of renewable assets in Australia
Potentia Energy has agreed to acquire controlling interests in a portfolio of more than 1GW of renewable assets across Australia as part of its growth strategy. The portfolio, spanning various locations and technologies, includes 700MW of operational wind and solar assets across several states and the Australian Capital Territory. The portfolio also features 430MW of late-stage developments, including battery energy storage systems (BESS) in South Australia and Queensland and a Western Australian wind project that recently reached financial close. The completion of the acquisition is subject to standard conditions including approval from the Foreign Investment Review Board (FIRB). Potentia Energy, a joint venture between Enel Green Power and INPEX, has entered an agreement with CVC DIF and Cbus Super on the strategic acquisition. Potentia Energy was recently revealed as the new name for the jointly owned company, which has been operating as Enel Green Power Australia since 2017. Its existing portfolio of operational plants includes 309MW of solar capacity in South Australia and Victoria, alongside a 75MW wind farm in Western Australia. Construction is underway on a 98MW solar and 20MW battery hybrid project in New South Wales, with a further 93MW solar farm currently being commissioned in Victoria. Potentia Energy has secured rights for a development pipeline exceeding 7GW across Australia and aims to significantly expand its installed capacity across wind, solar, storage and hybrid projects nationwide. Potentia Energy CEO Werther Esposito stated: 'We are incredibly pleased to announce our acquisition of a portfolio diversified across geographies, technologies and energy markets, including both operational and development stage projects. 'The acquisition expands and complements our existing portfolio of solar and wind assets across the wholesale energy market (WEM) and national electricity market (NEM). 'We are committed to continue driving the energy transition across Australia. Our new Western Australian assets position us to work alongside Synergy in supporting the state's energy transition and decarbonisation ambitions.' "Potentia Energy to acquire 1GW of renewable assets 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. Sign in to access your portfolio
Yahoo
06-02-2025
- Business
- Yahoo
Potentia Energy buys major Australian renewable energy assets
By Scott Murdoch SYDNEY (Reuters) - Potentia Energy, a joint venture between Italy's Enel Green Power and Japan's INPEX Corp, said Thursday it would buy controlling stakes in 1 gigawatts' worth of renewable energy projects in Australia from private equity and superannuation fund investors. Potentia said the purchase included 700 megawatts of wind and solar assets, and 430 megawatts of late-stage development projects consisting of the South Australian and Queensland Battery Energy Storage system. A West Australian wind farm is also part of that portfolio, the company said. Potentia has operated in Australia for eight years, it added. The assets had been owned by private equity group CVC's infrastructure arm, CVC DIF, and Australian pension fund Cbus Super. Cbus has nearly A$100 billion in funds under management, according to its website. The sale is worth about $A1 billion, according to local media reports. It requires Foreign Investment Review Board approval. Potentia has 309 megawatts of solar capacity in the Australian states of South Australia and Victoria, and a 75 megawatt wind farm in Western Australia, the company said. It said it was also building a 98 megawatt solar and 20 megawatt battery hybrid project in New South Wales, and has commissioned a 93 megawatt solar farm in Victoria.
Reuters
06-02-2025
- Business
- Reuters
Potentia Energy buys major Australian renewable energy assets
SYDNEY, Feb 6 (Reuters) - Potentia Energy, a joint venture between Italy's Enel Green Power and Japan's INPEX Corp (1605.T), opens new tab, said Thursday it would buy controlling stakes in 1 gigawatts' worth of renewable energy projects in Australia from private equity and superannuation fund investors. Potentia said the purchase included 700 megawatts of wind and solar assets, and 430 megawatts of late-stage development projects consisting of the South Australian and Queensland Battery Energy Storage system. A West Australian wind farm is also part of that portfolio, the company said. Potentia has operated in Australia for eight years, it added. The assets had been owned by private equity group CVC's infrastructure arm, CVC DIF, and Australian pension fund Cbus Super. Cbus has nearly A$100 billion in funds under management, according to its website. The sale is worth about $A1 billion, according to local media reports. It requires Foreign Investment Review Board approval. Potentia has 309 megawatts of solar capacity in the Australian states of South Australia and Victoria, and a 75 megawatt wind farm in Western Australia, the company said. It said it was also building a 98 megawatt solar and 20 megawatt battery hybrid project in New South Wales, and has commissioned a 93 megawatt solar farm in Victoria.
