Aug 9, 2026 – 5.16pmEDL Energy is telling private equity suitors to think of $270 million in annual earnings from blue-chip clients such as Glencore and Rio Tinto, as owner CK Infrastructure Holdings gives its bankers the go-ahead to launch a $2 billion-plus auction.CK, which is controlled by billionaire Li Ka-shing, has mandated Morgan Stanley and Barclays to steer its exit at the remote power and renewable energy player. The auction’s preparations, revealed by Street Talk in July, come nine years after CK acquired the portfolio as part of its $7.4 billion take-private of DUET Group.Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Angira Bharadwaj is a co-editor of Street Talk. She covers IPOs, capital raises, mergers and acquisitions and other breaking news in Australia’s capital markets. Previously, she covered financial services, state, and federal politics. Send tips to @angirab.60 on encrypted messaging platform Signal.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?
Flyers out for HK billionaire Li Ka-shing’s $2b-plus EDL Energy sale
Morgan Stanley and Barclays will steer CK Infrastructure’s exit from the remote power and renewable energy player.
TL;DRAI
CK Infrastructure auctions renewable energy player EDL ($2B+, $270M earnings Glencore/Rio Tinto); Li Ka-shing exits via Morgan Stanley, Barclays. PE appetite for energy infrastructure signals convergence of power economics, ESG, and data center strategy—shaping enterprise capex decisions.
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