Lazard tests appetite in renewables play Goldwind Australia

In all, it runs seven wind farms and two solar farms and has three wind farms under construction, according to its website.

Together, the operational projects were understood to be able to produce about 500 megawatts of power.

Xinjiang Goldwind’s interest in testing the market comes at a time when there’s a plethora of Australian renewables portfolios and projects in front of potential buyers. Others with assets on the block include Vestas Wind Systems, which has Azure Capital seeking buyers for its stake in Queensland’s Lotus Creek Wind Farm.

There’s at least three other similar sale processes under the works, including Enel Green Power (350 megawatts), Wirsol Energy solar farms (400 megawatts) and New Energy Solar (412 megawatts, with projects in the United States).

The dealmaking frenzy in renewable energy projects is playing against a backdrop of Australia’s energy transition, with wind and solar generation taking up a larger slice of the national electricity market.

It’s not the first time part of Goldwind Australia has been on the block. PwC had a mandate to hive off its Clarke Creek Wind Farm, in Queensland, in 2020. The asset went to the Forrest family’s Squadron Energy, in a deal that closed in March.

PwC also tested interest in a bigger portfolio of Goldwind projects in 2018.

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