Nine months after Singapore-listed Sembcorp splashed $6.5 billion to acquire Alinta Energy, it is hoping to bring in a deep-pocketed backer for one of its most expensive green energy projects, the 550-megawatt Marri wind farm.Street Talk can reveal Sembcorp has mandated Lazard Australia to run a sell-down process for the West Australian wind farm. The project is slated to be the biggest in the wholesale electricity market and will cost more than $1.5 billion to build.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.
Alinta Energy’s owner shops stake in 550-megawatt wind farm
According to early-stage sale documents, the company wants to retain an equity interest and will be closely involved in the asset’s construction and operation.
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