GPG Renewables was set to be the biggest renewables auction in Australia since Andrew Forrest paid $3 billion-plus for CWP Renewables (since rebadged Squadron Energy). It attracted a decent crowd of bidders including French giant TotalEnergies, Petronas′ renewables arm Gentari, Dutch pension fund APG, Igneo Infrastructure Partners, and Octopus Investments Australia. However, the non-binding indicative offers disappointed the vendors. |