Anthony Garnaut

Too much solar, not enough storage: Zen Energy faces liquidation as administrators blame high risk strategy

Zen Energy faces liquidation after administrators blamed its risky solar-heavy trading strategy; its Zen Futures infrastructure unit was sold for $45 million, and creditors look likely to recover little.

Too much solar, not enough storage: Zen Energy faces liquidation as administrators blame high risk strategy

Administrators McGrathNicol say troubled renewable retailer Zen Energy must liquidate, blaming a risky trading strategy; creditors face heavy losses, its infrastructure arm was sold for $45 million, and a Gunvor retail deal collapsed.

Zen Energy sinks despite 11th-hour rescue efforts, blaming volatile market as banks and networks get cold feet

Renewable utility Zen Energy has entered voluntary administration despite regulators clearing Gunvor to buy its retail business; McGrathNicol is administrator and customers moved to AGL.

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Zen says sale talks progressing well, all parties “deeply and strategically aligned” on renewables

Zen Energy says its sale process is advancing with a preferred bidder amid reports naming Gunvor; the piece also recaps HDRE's stake purchase and Zen's financial losses.

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Major new player signs contracts for first big battery project as it aims for 6 GWh of storage by 2030

Ampyr has locked in bank debt above A$340m, a Zen Energy virtual offtake and Fluence as battery supplier for its first large battery in NSW, with a 6 GWh storage goal for 2030.