Deadline for bids into $2b wind and solar project pushed back
The sale process for a stake in a wind and solar project in Central Queensland could serve as a litmus test for clean energy funding.
The deadline for bids on 49% stake in a circa $2 billion wind and solar project in Central Queensland part owned by one of the world's largest renewables services companies has been extended until the end of August, in deal that could serve as a litmus test for funding of clean energy developments.
Central Queensland Power, a joint venture between UK renewables developer RES and Sydney adviser-developer EnergyEstate, has been shopped to institutional investors in recent weeks in a process being led by boutique adviser ICA Partners. The sale process came to light in the AFR earlier this week.
A teaser sale document viewed by Capital Brief indicates the vendors hoped to close an indicative bid round for the 2 GW QLD clean energy development by the end of July. However, a source close to the process who spoke on the condition of anonymity confirmed that had been extended until the end of August.
The project consists of wind and solar projects, some of which are backed up by battery storage.
