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Good morning,

Offshore wind developer BlueFloat Energy is weighing up a potential sale of its Victorian project as it considers its future in Australia , a move that would mark a significant blow for the Albanese government’s clean energy transition strategy.

Meanwhile, the $4bn Victoria-NSW VNI West electricity interconnector has been hit with a fresh two-year delay, posing another threat to the government's ambitious renewable energy goals.

And long-time Fortescue directors Mark Barnaba and Elizabeth Gaines have started the financial year as big winners on gold via ASX newcomer Greatland Resources , with the pair sitting on combined pre-tax gains of almost $30m.

Vesna Poljak
Business editor
The markets


Making news this morning
1
Trump threatens to deport Musk as feud reignites
Musk pledged to start a new political party and Trump threatened to use the federal government to punish his former adviser’s companies
2
Worst year on record for businesses unable to pay debts
The tax man is cracking down, with more Australian businesses going insolvent than ever before. But, the worst could be behind us.
3
Swyftx buys into crypto-hungry US hype
Australian cryptocurrency exchange Swyftx has sealed a deal believed to be worth $100m to buy a Melbourne-based, US-focused crypto brokerage targeting the rich.
Editor's picks
MARGIN CALL
ASIC tightening the screws on Keystone’s key players
ASIC is closing in on criminal charges against the duo at the centre of Keystone Asset Management’s $480m labyrinth of missing money – and they are feeling the heat.
By NICK EVANS
EXCLUSIVE
Blackstone checks out of Top Ryde City
Private equity giant Blackstone is offloading Sydney’s Top Ryde City shopping complex to a buyer known for its centre turnarounds.
By BEN WILMOT
DataRoom
Dexus pauses redemptions on $1.5bn healthcare fund
Real estate manager Dexus has frozen investor withdrawals from its healthcare property fund due to challenges valuing an Adelaide proton therapy centre which has been hit by equipment delays.
Malaysian giant emerges as Fletcher bidder
Malaysian infrastructure group Gamuda, worth $10.5bn, is interested in the Australia and New Zealand listed company’s construction arm, which includes road builder Higgins.
Australian private equity interested in Blackstone’s CMAX
Australian groups could emerge as potential bidders for the Adelaide-based early phase clinical research business CMAX.

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