CleanPeak Energy buys Enwave Australia

Infrastructure Capital Group has sold Enwave Australia to CleanPeak Energy.

The package of assets included multi-utility energy precincts such as Enwave Central Park, Enwave Tonsley, and Enwave Mascot, providing thermal energy, electricity, gas, and recycled water to commercial and residential customers, a compressed natural gas business, and a controlling 70% stake in a waste-to-energy opportunity in South Australia. The acquisition delivers 15 MW of gas-fired generation assets, around 40 MW of heating and cooling plants, and 2.3 MW of rooftop solar.

Herbert Smith Freehills has advised Infrastructure Capital Group on the deal.