Transurban selects CWP Renewables to power Sydney roads
International toll road operator Transurban has partnered with CWP Renewables (CWPR) to help power the company’s Sydney motorway network. Under a 10-year power purchase agreement (PPA), CWPR’s Sapphire and Bango wind farms in New South Wales will provide up to 116,000 megawatt hours of renewable energy each year. The PPA will meet 80% of the […]
Windlab scheme approved by shareholders and Supreme Court
2 minute read Effective today the Supreme Court of New South Wales has approved a scheme of arrangement to effect the acquisition of Windlab Limited (ASX: WND) by Squadron Energy Pty Ltd and Federation Asset Management Pty Ltd. Windlab will become 75 per cent owned by a subsidiary of Squadron Energy Pty Ltd (a wholly […]
Squadron Energy moves closer to acquiring Windlab
1 minute read Windlab (ASX: WND) shareholders voted overwhelmingly in support of the scheme resolution tabled at the scheme meeting on Friday June 4 that will result in the purchase of all outstanding shares in Windlab by a consortium comprising Squadron Energy and Federation Asset Management. Overall 99.6% of votes cast in the poll were […]
Increased PKET capacity approved
3 minute read Squadron Energy Pty Ltd has welcomed a NSW government decision to allow for increased capacity for the Port Kembla Energy Terminal (PKET). The modification to the original development consent will satisfy the market need for more gas during the cooler winter months. It allows an increase in throughput, as well as an […]
Squadron Energy expands its renewable energy footprint into wind
1 minute read Squadron Energy and “Wind Acquisition 1 Pty Ltd” have joined forces to acquire 100 per cent of renewable energy company Windlab’s (ASX: WND) outstanding ordinary shares through a scheme of arrangement. Wind Acquisition 1 is an investment vehicle of funds managed by Sydney-based Federation Asset Management Holdings which currently holds an 18.7 […]
Submission report lodged for PKET modification
1 minute read The Australian Industrial Energy (AIE) partners, including Squadron Energy Pty Ltd, are seeking a modification to the existing development consent for the Port Kembla Energy Terminal. The modification will allow more variable throughput of natural gas to better meet expected customer demand. The modification report was placed on public exhibition in December 2019 […]
AIE response to NSW energy agreement
1 minute read AIE welcomes the $2 billion New South Wales energy agreement announced today, particularly the commitment to increase gas supply. The Port Kembla Energy Terminal (PKET), once sanctioned, will provide a rapid, low capital, flexible, predominately floating infrastructure option to connect NSW with domestic and global gas supplies. It also has the capacity […]
Sun Cable successfully concludes significant capital raise
2 minute read This media release was provided by Sun Cable, it was originally published here. Sun Cable is pleased to announce the completion of a significant capital raise led by Grok Ventures and renewable energy company, Squadron Energy, which have taken positions as co-lead investors. The oversubscribed capital raise will allow Sun Cable to undertake the […]
Terminal gets green light from NSW government
1 minute read The NSW government announced today that it has awarded Development Consent to AIE’s Port Kembla Gas Terminal (PKGT). The decision by the NSW Minister for Planning, Rob Stokes, comes after a thorough review of the project’s Environmental Impact Statement (EIS). The PKGT could supply more than 70 per cent of NSW’s natural gas needs […]
New LNG site meets energy demands
4 minute read Australian Industrial Energy Pty Ltd (AIE), an international consortium including Squadron Energy Pty Ltd, has announced that Port Kembla will be the site of a new liquefied natural gas import terminal large enough to meet 70 per cent of New South Wales’ gas needs. See full media release below. AIE consortium selects […]