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MARKETS

Starbucks-backed solar firm hits ASX

THE ASX will have a new renewables IPO today, with New Energy Solar being admitted onto the board focusing on large-scale solar PV in the US where it is backed by the likes of coffee roaster Starbucks, while also targeting Australia.

Anthony Barich
The Stanford solar project.

The Stanford solar project.

The company, which aimed to raise $300 million for the IPO, is run by former head of National Australia Bank Advisory, Sydney-based John Martin, who became CEO in May having held a range of senior roles...

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