Origin Energy’s board have unanimously recommended the revised takeover offer of A$18.2bn to shareholders, which comes as the consortium’s phase of exclusive due diligence is set to enter its fourth month.
With the acquisition of Australian battery energy storage developer Akaysha Energy, the firm intends to build out a 1GW portfolio of projects in the country’s National Electricity Market.
Under new leadership, Australian GPs and LPs are allocating more capital towards strategies and companies that could reduce the country’s carbon emissions.
The firm’s head of transition says Brookfield’s rejected bid for Australian energy giant AGL is a ‘better option’ for shareholders than a demerger.
Brookfield and Grok Ventures will no longer bid for the Australian energy giant, after the consortium's latest offer was deemed ‘well below’ the fair value of the firm.
The Japanese private equity firm has set its sights on Asia’s renewable energy sector with the hiring of a new head of renewables and sustainability.