Tesla’s SA power plant up for sale | Is Morrison’s Perth Airport stake in play? | Goldman hire

Good evening,

Elon Musk is not a counterparty that Aussie core-plus infrastructure dealmakers bump into often while hunting for deals. But that’s about to change – well, sort of.

Tesla, capitalised at $US715 billion ($1 trillion) on the Nasdaq, has hung the for-sale sign at its South Australian virtual power plant, which was billed as the world’s biggest when former SA premier Jay Weatherill announced the scheme during the 2018 elections.

At the time, Tesla and the SA government were targeting 50,000 homes with a combined capacity of 250 megawatts connected to the virtual power plant in four years.

Sale materials in front of potential buyers show the project is expected to have 7000 Tesla Powerwall battery systems totalling 35MW capacity installed by the end of this year.

Read the full story tomorrow and more on the Street Talk page.

Australian shares rebounded in broad gains on Thursday, tracking a rally on Wall Street, with technology stocks and energy producers leading the rise.

Click here for the latest equity market wrap.