Home Consortium Ltd (AU:HMC) has released an update.
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HMC Capital Limited has announced a strategic acquisition of Neoen’s Victorian renewable energy portfolio for $950 million, expanding its assets under management to approximately $19 billion. This acquisition marks a significant step in HMC’s plan to establish an Energy Transition Platform, positioning the company among the top 10 in renewable energy and storage in the National Energy Market. With strong interest from institutional investors, HMC is poised to support Australia’s decarbonisation efforts while aiming for a substantial return on investment.
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