Private capital juggernaut BlackRock is preparing to part with a piece of Akaysha Energy, best known for its headline-grabbing 850-megawatt Waratah Super Battery in NSW – among the biggest in the world.
Akaysha has mandated Macquarie Capital to court bidders and is considering all exit options, including a partial or complete sale, according to sources with knowledge of the matter but not authorised to speak publicly. It has 1400 megawatt-hours of battery capacity up and running, with a further 30 gigawatt-hours in the pipeline.
Loading...
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com