Australian

Forrest takes over CWP to become a dominant player in Australian renewables

Forrest takes over CWP to become a dominant player in Australian renewables

Iron ore billionaire Andrew Forrest has snapped up leading renewable energy developer CWP Renewables, beating a string of big rivals and entrenching it as a dominant player in Australia’s renewables market. Forrest’s Squadron Energy, owned through its private investment vehicle Tattarang, paid more than $4 billion for CWP Renewables, beating bids from early favorites such …

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Many Australian businesses will scale back climate action when economy slows, survey finds

Australian companies are more likely to backtrack on their carbon reduction efforts when the economy slows than their global counterparts, according to a survey of 700 companies in 14 countries. However, Deloitte’s gauge of private companies with annual revenue between $250 million and $10 billion (AU$366 million and AU$14.6 billion) also found that around the …

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