Investor · 2 deals
Every published round Squadron Energy 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.
Companies Squadron Energy has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| SunCable | 21 Nov 2019 | 2 | 2 |
Fund closes reported for Squadron Energy, as distinct from the investments it has made.
Companies Squadron Energy has backed that another company then bought. An exit for the holding, not a deal Squadron Energy did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| SunCable | Helietta Holdings | Acquisition | Sep 2023 | - |
| SunCable | Grok Ventures | Acquisition | May 2023 | - |
Companies Squadron Energy 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 |
|---|---|---|---|---|
| CWP Renewables | Acquisition | 2022 | - | Palisade Impact portfolio (Mon 11 Nov 2024), Palisade Impact portfolio (Mon 11 Nov 2024) |
Stories naming Squadron Energy. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
NSW has granted grid access in its Central-West Orana renewable energy zone to ten wind, solar and storage projects totalling over 7 GW; winners include Squadron Energy, Tilt Renewables, Acen and Lightsource bp.
Fair Supply, which scores supply-chain ESG risks, announced a round of over $12 million led by Five V Capital with AirTree and QIC, funding growth in Canada and Europe.
Supply-chain ESG compliance software firm Fair Supply has a new investment round led by Five V Capital with AirTree and QIC taking part, as it prepares to expand into Canada and Europe.
Palisade has recruited three senior renewables development executives away from Squadron Energy for Intera Renewables, its clean energy platform, to build a new division targeting co-development projects in Australian renewables.
RenewEconomy profiles Komo Energy's community-backed Grong Grong solar farm as it starts feeding the grid, recounting its crowdfunding and government grant support, battery plans, and lessons on networks and shared ownership for small developers.
Andrew Forrest again postpones a decision on the Gibson Island green hydrogen project in Queensland, and his Squadron Energy appoints ex-APA head Rob Wheals chief executive, with Jason Willoughby shifting to chairman.
A rolling roundup of Australian energy-sector job moves, listing dozens of executives, directors and ministers joining or leaving utilities, regulators, developers and industry bodies between May and December 2023.
SunCable has picked Bell Bay in Tasmania for its manufacturing facility after a two-year site search; the piece also recalls the administration fight that left Cannon-Brookes' consortium in control.
A Grok Ventures-led consortium with Quinbrook has agreed to acquire Sun Cable out of administration, reviving plans to ship solar power to Singapore, after Andrew Forrest's side stayed out of the final bidding.
Administrators begin selling Sun Cable; Cannon-Brookes' Grok lent $65 million interest-free to retain staff while Forrest's Squadron Energy opposes the Singapore cable plan.
TagEnergy will proceed with a large battery and wind hub at Mount Fox in Queensland after winning a place in ARENA's battery tender; its Golden Plains wind farm stage reached financial close last month.
Also @AuManufacturing
Sun Cable has raised A$210 million in Series B funding from existing shareholders, led by Mike Cannon-Brookes' Grok Ventures and Andrew Forrest's Squadron Energy, for its giant solar, battery and subsea cable project.
Also Startup Daily·@AuManufacturing·Startup Daily·Startup Daily·Startup Daily·Startup Daily·RenewEconomy·RenewEconomy
The federal government announced a $30 million grant for Andrew Forrest-backed Squadron Energy's Port Kembla power station, which its backer says will switch fully to green hydrogen by 2030.
Windlab shareholders approved a Forrest-backed takeover led by Federation Asset Management and Squadron Energy, valuing the wind developer near $68 million, while Infigen urged caution over a $777 million bid from UPC and AC Energy.
Also RenewEconomy
Sun Cable closed an oversubscribed first capital round, co-led by Grok Ventures and Squadron Energy, for its $25 billion plan linking a giant Northern Territory solar farm to Singapore via undersea cable.
Also Startup Daily·@AuManufacturing·Startup Daily·@AuManufacturing·@AuManufacturing