Sev.en Global Investments has the completed its acquisition of Delta Electricity, the parent company of the Vales Point Power Station and the Chain Valley Colliery in New South Wales.
“With an international portfolio of vertically integrated power generation plants, Delta strengthens Sev.en’s position in Australia,” Sev.en said in a statement.
Related article: Edify and Delta sign PPA for 150MW of renewable energy
“Delta is a significant contributor to the energy stability in NSW and Sev.en looks forward to bringing value to local communities through our global experience and as a responsible long-term operator with assets in Europe, the UK, the USA and in Australia.
Sev.en said it was actively pursuing further opportunities to grow within the region and across a range of commodities.
Sev.en’s Australian investments include:
- 100% of Delta Electricity in New South Wales
- 100% of the Salt Lake Potash project in Western Australia,
- 50% interest in InterGen N.V. via its interests in the Millmerran and Callide power stations in Queensland.
Sev.en Global Investments CEO Alan Svoboda said, “Delta is an important part of our growth plans in Australia. The positive work culture and quality of the assets aligns with our investment objectives of adding further generation capacity to our Australian portfolio. In doing so, Sev.en is also uniquely positioned to maximise the benefit to local communities as dedicated long-term investor and operator.
Related article: Forrest’s Squadron Energy acquires CWP Renewables
“We are committed to support the energy transition by providing reliable power supply and backup capacity as needed. Sev.en is further expanding our presence in the region as we expand our local team with the necessary expertise required to be successful in Australia.”
Sev.en Global investments is a family office investment group from the Czech Republic that deploys long-term capital in growth, restructuring and special situations worldwide, primarily in the energy, mining and adjacent sectors.
