AA PowerLink developer Sun Cable begins sale process
The sale process has commenced of renewables developer Sun Cable, via FTI Consulting after the company collapsed earlier this month.
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The sale process has commenced of renewables developer Sun Cable, via FTI Consulting after the company collapsed earlier this month.
Sun Cable, the company behind the world’s largest solar and storage project, has officially gone up for sale after entering voluntary administration in Australia in January. Its administrator, FTI Consulting, is seeking binding offers of acquisition or recapitalization by the end of April, with a deal to be finalized by the end of May.
Sun Cable, the company behind the world’s largest solar and storage project, has officially gone up for sale after entering voluntary administration in January. Its administrator, FTI Consulting, is seeking binding offers of acquisition or recapitalisation by the end of April with a deal to be finalised by May’s end.
Australia’s MA Moelis and its former parent company, Moelis & Co, have finally been mandated to sell Sun Cable, and launched the sale on Tuesday afternoon.
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