We note Beach has not informed the stock exchange, suggesting the company does not see this as material and/or discussions are at an early stage.
We also note seven of Beach’s top 10 prioritises highlighted for shareholders as recently as February 2023 are for yet more LNG and gas developments, whilst two are for carbon capture and storage (CCS), and the tenth is about capital management (dividends to shareholders).
Parkwind has built considerable expertise via its development and operation of four offshore wind farms off the Belgian coast with combined 771MW in power capacity, and is bidding for an offshore electricity infrastructure feasibility license to develop offshore wind projects in the Bass Strait.
Further, JERA – the largest coal and gas fired power plant owner in Japan – has confirmed it has invested heavily into Parkwind under the promising headline: JERA Aims “Zero CO2 Emissions”.
JERA brings massive financial capacity and credibility ahead of this offshore wind push into Australia. Parkwind says this is a strong partnership which had been established for the Australian expansion.
