Good evening,

In light of buyer interest in Australian renewable energy asset owners and developers, Street Talk’s gone looking for the next multi-billion dollar auction.

And consensus, among potential buyers and bankers, is Pacific Hydro.

Pacific Hydro is owned by China’s State Power Investment Corp, and owns generators in Australia and Chile and an Australian retailer with more than 150,000 customers.

Strong appetite for rival portfolios Tilt and CWP Renewables (pending) have seen bankers head to State Power, keen to sell Pacific Hydro on its behalf. They’ve been told to find a bid, and if they do, there could be another big auction.

It’s one Street Talk’s watching for next year.

Elsewhere, we look at CBA’s trip to capital markets for a read through to the other big banks’ funding plans, and have a new pre-IPO raising out of Wilsons that looks similar to a former market darling.

Happy reading,

Anthony Macdonald, Sarah thompson and Kanika Sood

Street Talk Editors