Energy industry veteran Albert Brantley is to retire as chief executive of Genesis Energy at the end of the 2016 financial year, the electricity company’s chair, Jenny Shipley announced. Brantley was appointed to lead Genesis in 2008, replacing Murray Jackson, and has led a strategy that has ended Genesis’s role as a de facto generator of last resort, which saw …

HRL Morrison & Co subsidiary JIDA Capital Partners and Shenzhen-based CGN Private Equity Fund Management have raised 1.87 billion Chinese yuan (NZ$451.7 million) from institutional investors to launch a new fund focusing on Chinese renewable energy assets. The unlisted private equity infrastructure fund, CGN Fund III, is seeking to raise 5 billion yuan, which it will mainly invest in operating …

SLI Systems widened its annual loss while sales met the reduced guidance it gave in April, after the online retail search engine developer reorganised its sales team and was impacted by a weaker Brazilian economy The Christchurch-based company reported a loss of $7.1 million in the year ended June 30, from a loss of $5.7 million a year earlier, it said in a statement. …