Company
Canberra, ACT
Existing Windlab shares sold by the funds and people who held them. None of this money reached Windlab, and none of it counts in what Windlab raised.
| Sold by | Announced | Amount | Valuation | Bought by | Sources |
|---|---|---|---|---|---|
| Innovation Capital | 30 Sep 2019 | - | - | Federation | RenewEconomy, Federation portfolio |
Every investor coverage indicates participated in a round Windlab raised.
The transaction that ended Windlab's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Federation | Acquisition | 5 Jun 2020 | $68m | RenewEconomy (Wed 17 Jun 2020), RenewEconomy (Fri 5 Jun 2020) |
Companies Windlab acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Charles Macek | Independent Director | RenewEconomy |
| Roger Price | CEO | RenewEconomy (Mon 20 Jan 2020), RenewEconomy (Wed 27 Feb 2019) |
Stories naming Windlab. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
The ACT Government has launched the ACTivate Capital venture fund, with an initial $23 million close and capacity for $50 million, to back Canberra startups and commercialise local research, led by fund manager Ken Kroeger.
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.
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.
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.
Federation's site reports the asset manager is raising new money while its portfolio company Windlab seeks a financial adviser for its Queensland project.
Skip Capital, owned by Atlassian co-founder Scott Farquhar and Kim Jackson, leads a conditional, non-binding bid with Stonepeak valuing Genex Power near $320 million; earlier stake-building and Stonepeak's renewables fund close are recalled.
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
Windlab has received a takeover bid from Federation Asset Management at one dollar per share, valuing the wind developer near 68 million; the piece recalls its 2017 exchange listing and Federation's earlier stake purchase.
Federation Asset Management says it has agreed to buy an 18.4 per cent stake in Windlab, a purchase that would position it as the company's biggest shareholder.
Also RenewEconomy
ARENA and AEMO announce grant-funded trials letting wind and solar farms submit their own short-term generation forecasts, with recipients including Vestas, Windlab, Industrial Monitoring and Control and Fulcrum 3D.
Renewable energy developer Windlab has announced a $US10 million equity investment from Japan's Eurus Energy, which takes a quarter share of its African subsidiary to advance a pipeline of wind projects across East African markets.