Business
New Energy Solar to sell Australian solar farms – The Australian Financial Review
The sale of two solar power projects in NSW comes after a strategic review found the complexity of New Energy Solar’s portfolio was partly behind its undervaluation…
The strategic review of New Energy Solar, carried out by RBC Capital Markets, identified “material interest” in the company’s solar assets from both domestic and overseas investors. Proceeds from the targeted sales would be used for a potential share buyback or capital return, and to pay down debt.
New Energy Solar chief executive John Martin said RBC indicated “large global energy businesses may be interested” in acquiring the assets, but would not be drawn on the likely buyers. He also declined…
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