Power play: The transaction highlights a renewed appetite for renewables. It also cements PowAR’s position as Australia’s biggest wind and solar generator in the region.
SYDNEY: After a muted 2020, renewables investment is heating up again in Australia and New Zealand.
New Zealand-based Tilt Renewables Ltd agreed to sell its Australian business to a venture that includes AGL Energy Ltd and its New Zealand assets to Mercury NZ Ltd in a deal that value the company at NZ$2.96bil (US$2.1bil or RM8.6bil).
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