Infragreen’s ESG Focus: The Era of Opportunity
TL/DR –
Infragreen Group, an eco-friendly business based in Australia, completed its IPO in June, raising $40m at an offering of $1 per share. The company, which is focused on building sustainable infrastructure, believes that Australia has a significant opportunity to become a major supplier of green energy to rapidly developing Asian countries. Infragreen’s IPO took place during a period of significant potential for green projects in Australia, and the company cites a record of 20% annual organic EBITDA growth.
Infragreen’s IPO Marks Grand Opportunity for Australia in Green Energy Supply
The recent ASX IPO of INFRAGREEN GROUP LIMITED (IFN) signals a significant opportunity for Australia to become a trusted green energy supplier for rapidly developing countries in Asia. This comes amid a surge in eco-friendly initiatives and favourable local and global trends. Infragreen raised $40m at $1 per share and touts an impressive record of 20% annual organic EBITDA growth.
Global Political Environment Aids Australia’s Rise in Green Energy
With the unpredictability of US politics and the country’s apparent reluctance to commit fully to green energy under President Trump, Australia has the chance to take the lead in the sector. Despite attempts to roll back President Biden’s Inflation Reduction Act, Australia should seize this opportunity to attract investors that no longer see the US as an option. The potential for the US to cede A$123 billion in investment to other countries is real and should be capitalized upon.
Emerging as an Energy Superpower
Recent global events have proven the increasing risk associated with relying on countries like Russia and those in the Middle East for energy. Australia, with its goal to be a leading exporter of clean and green power, can offer a safer alternative. An example is SunCable’s Australia-Asia PowerLink (AAPowerLink) project, which aims to transmit solar power generated in Australia to Singapore. With 25% of global energy demand predicted to come from Southeast Asia by 2035, Australia could fill a significant portion of this need.
Infragreen’s Ambition: Building Big, Doing Good and Having Fun
Infragreen targets businesses in recycling, renewable energy and waste recovery sectors. Active partnership, operational expertise, sector knowledge, and patient capital are the company’s main strategies for growth. The company proudly lists its sustainability achievements on its website, including the installation of over 3283 solar systems and 1150 EV chargers, and the diversion of over 48,000 tons of organic waste from landfill. The IPO funds will be used to clear the company’s debt and future growth.
Challenges in Going Green
While the green sector holds promising possibilities, there are massive challenges to be overcome. For instance, only 9% of the 9.5 billion tonnes of plastic waste produced globally since 1950 has been recycled annually. In Australia, numerous high-profile incidents of recycling bins being dumped into garbage bins have highlighted the difficulties of recycling. Despite these stumbling blocks, companies like Infragreen see a silver lining in the immense scope for progress in the next few years.
With its ambitious vision, Infragreen is a company to watch in the green sector, as it contributes to Australia and the world’s journey towards a greener future. Find out more about FNArena subscribers’ positive feedback or explore FNArena’s past achievements.
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