Business
New Energy Solar to exit Australian solar market after strategic review – RenewEconomy
ASX-listed New Energy Solar set to offload its Australian portfolio, after strategic review finds better value to be found in US-based solar assets.
ASX listed New Energy Solar is set to sell-off its small portfolio of Australian large-scale solar projects, following a strategic review of the companies investments found better value could be achieved by focusing only on US-based projects.
New Energy Solar announced on Monday that it plans to sell the 111MW Beryl and 55.9MW Manildra solar farms, as the company seeks to address the low market price which it says undervalues its securities.
New Energy Solar instigated a review of the company’s…
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