Prime Super has boosted its investment in renewable infrastructure with the purchase of a wind farm in one hour north of Warrnambool, Victoria.
The industry super fund has bought 100 per cent of the issued equity in the 19.5-megawatt Mortons Lane Wind Farm, working with its infrastructure manager Whitehelm Capital to finalise the acquisition in April.
The wind farm reportedly has the capacity to power more than 4,000 homes and to reduce CO2 emissions by up to 40,000 tonnes per year.
It is located in Woodhouse, Victoria.
Prime Super chief executive Lachlan Baird commented: “This is an investment into regional Australia that not only delivers returns to the members of Prime Super, but also provides employment opportunities for Australians.
“This is truly an investment into regional Australia which adds to our pool of infrastructure assets. We expect it will make a positive contribution to the strong long-term investment performance of the fund and the investment returns of our members.”
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
You can contact her on [email protected].
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