Com­pa­nies in­ter­ested in bid­ding for Aussie wind farm

China Daily (USA) - - BUSINESS - By BLOOMBERG

Ori­gin En­ergy Ltd, the Syd­ney-based en­ergy pro­ducer and re­tailer, has re­ceived ex­pres­sions of in­ter­est from at least five Chi­nese suit­ors for the sale of its Aus­tralian Stock­yard Hill wind farm project, com­pany sources said.

The as­set has at­tracted State-owned com­pa­nies in­clud­ing China Gen­eral Nu­clear Power Group, China Datang Corp and China Guo­dian Corp, the sources added.

Golden Con­cord Hold­ings Ltd and Xin­jiang Gold­wind Sci­ence & Tech­nol­ogy Co have also ex­pressed in­ter­est, they said.

First-round bids are re­port­edly ex­pected at the end of next month.

A sale of Ori­gin’s planned Stock­yard Hill project is ex­pected to add to the re­cent surge of in­ter­est in al­ter­na­tive en­ergy in the Asia-Pa­cific re­gion. Chi­nese com­pa­nies have an­nounced at least $5.5 bil­lion worth of over­seas ac­qui­si­tions in the sec­tor dur­ing the past 12 months, com­pared with $808 mil­lion in the pre­vi­ous year.

Chi­nese firms are ex­plor­ing wind-power as­sets as the coun­try seeks to boost na­tional in­vest­ment in non-fos­sil fu­els to cut pol­lu­tion. Bei­jing-based State Power In­vest­ment Corp bought Aus­tralian re­new­able en­ergy de­vel­oper Pa­cific Hy­dro Pty in Jan­uary, giv­ing the com­pany a plat­form for ex­pand­ing abroad.

China Guo­dian is con­sid­er­ing a joint bid with Shang­hai-based En­vi­sion En­ergy, the peo­ple said. Buy­ers may have to com­mit about A$1 bil­lion ($762 mil­lion) to the project, in­clud­ing the pur­chase price and con­struc­tion costs, sources said.

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