Transaction & Advisory  |  August 2022

BlackRock acquires Melbourne-based battery developer Akaysha Energy

Alistair Jaque (Partner) and Steven An (Associate) acted for the shareholders of Akaysha Energy, a Melbourne-based battery developer, on its acquisition by one of the world’s largest fund managers, BlackRock. 

The acquisition by BlackRock’s climate infrastructure business will result in a $1 billion investment in grid-scale batteries and a significant shift from coal to clean energy in Australia. 

Articles:

Sydney Morning Herald - https://www.smh.com.au/business/the-economy/blackrock-to-spend-1b-on-batteries-in-australia-as-coal-closures-loom-20220815-p5b9xo.html

AFR - https://www.afr.com/companies/energy/blackrock-in-1b-plus-battery-play-20220815-p5b9vt

The Australian - https://www.theaustralian.com.au/subscribe/news/1/?sourceCode=TAWEB_WRE170_a_GGL&dest=https%3A%2F%2Fwww.theaustralian.com.au%2Fbusiness%2Frenewable-energy-economy%2Fblackrock-in-1bn-battery-charge-after-buying-akaysha-energy%2Fnews-story%2Ff6eaa2a3b07b1246934a10cd7f87d865&memtype=anonymous&mode=premium&v21=dynamic-groupa-test-noscore&V21spcbehaviour=append

 

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