Carnegie Clean Energy has reached the minimum of $5.5 million from its rights issue, but announced a shortfall of around $6 million, as the collapsed wave power company inches closer to recapitalisation and relisting on the ASX.
Synergy has secured a substantial electricity supply deal with the North Metropolitan Health Service, one of several electricity contracts awarded by government agencies in the health and education sectors in recent months.
Investment group QIC will need to increase its $422 million offer for Pacific Energy, after a consortium consisting of OPTrust and Infrastructure Capital Group lobbed a superior offer to the remote power provider.
Carnegie Clean Energy, which is seeking to raise up to $11.5 million after going into voluntary administration earlier this year, has issued a supplementary prospectus that tones down some of the key claims it made to investors only six weeks ago.
Synergy’s renewable power joint venture has chosen Juwi Renewable Energy to complete the expansion of Greenough River solar farm, nearly a year after previous contractor RCR entered administration.
SPECIAL REPORT: Gas peaking generation and utility scale batteries will become increasingly valuable in WA as coal power units are retired and new wind farms come online.
A commercial biogas to hydrogen operation in Perth is a step closer for Hazer Group, after the company announced it had received approval from the Australian Renewable Energy Agency board for $9.4 million of funding.
Construction of Perth’s second waste-to-energy plant is scheduled to start later this year after the private consortium behind the East Rockingham project appointed Spanish engineering giant ACCIONA as its main contractor.
Western Australia will be carbon neutral by 2050 under an aspirational policy announced by the state government today, although it is not yet clear what mechanism will be used to achieve the goal.
Bibra Lake-based Magellan Power has been hit by the insolvency of EC&M after supplying nearly $500,000 of equipment to a project, leading managing director Masoud Abshar to add his voice to calls for stronger laws around payment of subcontractors.
Wesfarmers has more than quadrupled its full-year profit to a record $5.51 billion, on the back of post-tax gains of $3.17 billion on the demerger of Coles and other divestments during the year.
Shell is seeking to build its presence in the Australian power sector, launching a $617 million takeover bid for Australia’s second-largest energy retailer that looks likely to be accepted.
Seven Group Holdings has reported a 40 per cent surge in full-year underlying earnings but a $291 million write-down in the value of its media business, which hit its bottom line.
Southern Cross Electrical Engineering has won several contracts worth a combined $35 million in the commercial, data centre and energy sectors, primarily on the east coast.
Altrad Services has become one of the largest contractors in Western Australia after the privately owned French group merged and rebranded its Cape Australia and Hertel businesses.
AGL Energy is set to continue its rapid expansion into the WA market, after it struck a deal to purchase WA’s third-largest electricity retailer, Perth Energy, for up to $93 million.
Western Power is seeking an order in the Supreme Court of Western Australia to recover its costs from a class action following the Parkerville bushfire in 2014.
The state government will shut two more generating units at the Muja coal power station, in October 2022 and October 2024, much earlier than scheduled.
Around 38,000 homes in the western suburbs and Fremantle area have been left without power for hours, after a widespread outage hit much of the area this morning.
Deputy under-treasurer Michael Court has joined the board of Horizon Power, the latest in a string of moves to appoint government employees to directorships at energy utilities.
There’s growing pressure for the state government to rethink how it prices electricity because of the proliferation of solar panels, but the issue could be electoral dynamite.
Fremantle-based MMA Offshore will acquire Neptune Marine Services in a cash-and-scrip deal worth around $18.5 million, as it seeks to expand its services business.
Worsley Alumina has locked in gas supply deals with Chevron and Woodside Petroleum today, as Santos chief executive Kevin Gallagher warns of a looming price spike.
Pacific Energy has entered a takeover deed with investment group QIC, with major shareholder Kenneth Hall set to reap more than $200 million from the deal.
Pacific Energy has enetered a trading halt today, ahead of an announcement regarding a takeover offer for the remote power provider, with competitor Zenith Energy enjoying a share price surge on the news.
