Business
Spain’s FRV shops stake in Australian solar farms – The Australian Financial Review
Global renewables developer and owner FRV is seeking a new investor to buy into its big portfolio of Australian solar farms and development projects.
Analysts reckon the portfolio could be worth about $1.5 billion including debt, based on similar deals in the sector which tend to price at $2 million to $3 million per megawatt.
Fund manager Infrastructure Capital Group, for example, paid about $3 million a megawatt for its stake in Engie’s 119 megawatt Willogoleche wind farm last week, in a deal that also also had exclusive rights to a development pipeline of about 1330MW of wind and solar projects.
Potential buyers said FRV and its bankers …
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