Startup · $35m raised
Every investor coverage indicates participated in a round Genex Power raised.
The transaction that ended Genex Power'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 |
|---|---|---|---|---|
| J-Power | Acquisition | Apr 2024 | $380m | RenewEconomy (17 Jun 2024), RenewEconomy (12 Apr 2024) |
Companies Genex Power 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 |
|---|---|---|
| Craig Francis | CEO | RenewEconomy |
Stories naming Genex 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
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.
Infradebt has reached first close on the capital raise for its Energy Transition Fund, backed by Grok Ventures and Jana, to lend to big batteries including Neoen's Capital Battery and Genex's Bouldercombe.
Skip Capital, backed by Scott Farquhar and Stonepeak, raised its bid for ASX-listed renewable energy firm Genex Power to $0.25 per share, valuing it at $348 million; the board will now consider due diligence.
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.
Techboard's monthly roundup cataloguing April 2022 Australian startup funding: megadeals, seed rounds, grants and crowdfunding, nine acquisitions, several ASX listings, and venture firms' fund news.