Weekly renewables M&A round-up (Aug 2-6)
Aug 06, 2021 17:18 CESTAugust 19 (SeeNews) - New Zealand-based utility Meridian Energy Ltd (NZE:MELCA) blames the current Australian government for the NZD-38-million (USD 25m/EUR 22.6m) write-downs on the value of its Aussie wind assets.
Today, the company announced its financial results for the fiscal year ended on June 30, 2015, revealing it had written off the sum from the value of its 70-MW Mt Millar wind farm in South Australia. Meridian’s CEO Mark Binns explained, as quoted by local media, that the writedown is a result of the Aussie government’s recent repealing of a carbon tax and the reduction of the renewable energy target (RET).
Regardless of the asset impairment, the hydro and wind power producer reported a 7% year-on-year rise in fiscal-year net profit to NZD 247 million.
(NZD 1.0 = USD 0.660/EUR 0.596)
Weekly renewables M&A round-up (Aug 2-6)
Aug 06, 2021 17:18 CESTAGL, Mercury sweeten bid for Aussie renewables player Tilt
Apr 19, 2021 8:41 CESTTilt mulls possibility of offer superior to takeover deal with AGL-Mercury
Apr 15, 2021 9:34 CESTCoca-Cola Amatil to go all-renewable in Australia, New Zealand
Feb 23, 2021 12:08 CESTRaystech to distribute 150 MW of Seraphim PV modules to markets down under
Aug 11, 2020 14:09 CESTTakeover offer for Tilt Renewables extended once again
Nov 19, 2018 8:44 CEST