Green electricity retailer Zen Energy is warming up infrastructure investors to bankroll its ambitions of building power generation and storage of its own.
, is warming up infrastructure investors to bankroll its ambitions of building power generation and storage of its own.Investor sources told Street Talk they’d been prepared for a $200 million to $300 million raising, that would be structured to allow Zen Energy to construct projects.
and a three-hour battery in South Australia, and Templers Battery, an 111 megawatts storage – both in South Australia. It was not known if the funding was for existing projects or new ones. Zen Energy has been around since 2004. It merged with Sanjeev Gupta’s SIMEC Energy in 2017 with ambitions to build renewable energy for Whyalla Steelworks, but the two parted ways a few years later. Gupta kept the projects at his sites, while Zen was left free to chase selling to other retail and commercial clients.
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