Green Energy: Spark announces giant green energy hub as it receives $5b takeover bid
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Takeover target Spark proposes giant NSW green energy hub
Energy infrastructure operator Spark Infrastructure (ASX:SKI) has announced a double whammy this morning, revealing a $5 billion international bid for its business and plans for a monster 2.5GW wind, solar and battery storage hub to feed the New South Wales grid.
Transmission and distribution network owner Spark owns 15% of NSW’s Transgrid and 49% of Victoria Power and SA Power Networks.
It also has a small and growing renewable generation arm including the 100MW Bomen solar farm.