The company has sold its European distributed solar business to concentrate on larger renewable energy developments with stronger profitability.
ENERGY
Genesis Resources Launches Superior $5.6 Billion Bid for Vault Minerals
The unsolicited binding proposal exceeds Regis Resources’ existing takeover offer, escalating competition for the Australian gold miner.
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Deep Yellow Buys ERA’s Stake in Cooper Creek Joint Venture
The acquisition gives Deep Yellow exposure to exploration licences in the Alligator Rivers uranium province, alongside joint venture partners Cameco Australia and Sutton Motors.
Brandon Craig Announces Leadership Changes Before Taking Helm at BHP
BHP's incoming chief executive Brandon Craig has announced changes to the miner's leadership team ahead of officially taking over on July 1, signalling an early effort to shape the company's next phase of growth and operations.
HMC Capital, KKR Gain Green Light for $603 Million Energy Platform
ACCC & FIRB have granted regulatory approvals to clear the path for HMC Capital and KKR to complete their clean energy partnership, with the new Illuma Energy platform, which is focused on battery storage and energy infrastructure.
Class Action Filed Against Fortescue Over Harassment Allegations
Fortescue has become the latest major Australian miner to face a class action alleging widespread sexual harassment of women at remote mining operations, following similar lawsuits against BHP and Rio Tinto.
More energy News
01
Rio2 Unveils $1 Billion Peru Copper-Gold Mine Upgrade
The miner has significantly upgraded the outlook for its Condestable copper-gold mine in Peru, extending mine life to 2039 and boosting projected after-tax free cash flow to US$1.15 billion, just months after completing the acquisition.
02
NatPower and Tesla Launch First Phase of $5 Billion Battery Storage Project
NatPower and Tesla announce the first phase of a multi-year battery storage project to construct 25GWh of capacity across Italy as well as in the UK, which is integral for aiding Europe with its renewable energy infrastructure.
03
Australia Deepens Critical Minerals Push With $1.2 Billion Iluka Loan
Iluka Resources has announced a A$1.65 billion government-backed loan for its Eneabba rare earths refinery in Western Australia Civmec also received a construction agreement from the company and signed a four-year rare earth oxide supply contract with a global automotive firm.