The collapse in wholesale power prices was the story of the day on Thursday.
AGL Energy unveiled a $2.7 billion write-down and Origin Energy warned of a two-year profit hit due to renewable projects piling on to the grid – wiping $867 million off their market caps.
And interest in wind and solar assets isn’t waning. Tonight we take a look at what’s going on in the battle for trans-Tasman windfarm owner and developer Tilt Renewables.
Meanwhile, local buyout fund Mercury Capital has called in the bankers to help it consider exit options for one of its portfolio companies. We reveal which one.
And finally, a local retail trading platform is eyeing off the ASX boards and has landed in front of funds with a pre-IPO capital raising.
Happy reading, Sarah Thompson, Anthony Macdonald and Tim Boyd Street Talk Editors
Australian private equity firm Mercury Capital has called in bankers to consider exit options for its SMS-based marketing and communications company MessageMedia.
Tearaway trading newcomer Superhero is rattling the tin for fresh funds and has told potential investors its next stop could be a listing on the ASX-boards.
