EnergyAustralia Pty Ltd. is hunting for investors to help fund its multibillion-dollar pipeline of projects in a move that could further accelerate a shake-up of the country's big power players. Amid speculation it has kicked off a review that could lead to a partial sale of the business, its parent company, CLP Holdings Limited (SEHK:2), said it was seeking partners and cited a deal it had previously struck with pension giant CDPQ for its Indian business as a potential model it would consider for Australia. "We are recognising that the energy transition is capital-intensive and will require quite substantial investments," CLP Chief Executive Officer Richard Lancaster said.

"To try and meet all these investment requirements on our own is going to stretch us beyond our capabilities. Rumours about a move to find a partner emerged as energy retailers struggle to maintain strong earnings due to several years of low wholesale power prices and cheap renewable energy eating into the profits of big coal generators, including -EnergyAustralia. The search for partners effectively adds EnergyAustralia to a bulging list of power companies undergoing a corporate transformation as a fast-paced transition from coal to renewables takes shape.