One of the country’s biggest renewable energy developers is officially on the market after mandating bankers at Lazard Australia. Founded in 2015, the company now has a project pipeline of around $3 billion, leaving it looking for deep pocketed backers to get the green dream off the ground.
The arrival of Lazard dealmakers at Edify comes just days after it struck a deal with Rio Tinto that should underpin $2 billion of investment in solar farms and batteries in central Queensland. The mining giant will buy 90 per cent of the output from two solar and battery projects to be built by Edify for 20 years to use at its aluminium operations in Gladstone.
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