Corporate / CVC · 1 deal
Every published round J-Power took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Genex | Venture debt | undated | $35m | Participant | RenewEconomy (Fri 12 Apr 2024), RenewEconomy (Mon 4 Mar 2024) |
Companies J-Power has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Genex | Venture debt | 1 | 0 |
Fund closes reported for J-Power, as distinct from the investments it has made.
Companies J-Power has backed that another company then bought. An exit for the holding, not a deal J-Power did.
Companies J-Power acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Company | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Genex | Acquisition | Apr 2024 | $380m | RenewEconomy (Mon 17 Jun 2024), RenewEconomy (Fri 12 Apr 2024) |
Stories naming J-Power. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Genex Power, the last Australian-listed developer of renewable energy and storage, has accepted a takeover bid from Japanese partner J-Power at a $380 million equity value, topping a rejected Skip Capital offer.
Also RenewEconomy
RenewEconomy reports J-Power's $380 million takeover offer for ASX-listed Genex Power, a year after Skip Capital's failed attempt; the Japanese utility already owns a stake and has lent the company $35 million.
Also RenewEconomy
ARENA has committed up to $47 million in conditional funding for Genex Power's Kidston pumped hydro storage project in north Queensland; the $777 million project also holds NAIF debt approval and EnergyAustralia as offtake partner.
Also RenewEconomy·@AuManufacturing·Startup Daily·RenewEconomy
Genex will fund the Kidston pumped hydro project through a $115 million share issue after an equity partner deal collapsed, supplemented by a $47 million ARENA grant and an existing NAIF loan.
Australia's northern infrastructure agency has approved concessional debt covering all financing for Genex's Kidston pumped hydro and solar project, with a Japanese partner taking equity and an earlier solar raise recalled.