Australian pension fund Prime Super has acquired two wind farms in Victoria from Pro Ventum International, an investment arm of the German company, BayWa re, and its Australian co-investor, Impact Investment Group.
The Chepstowe and Maroona wind farms are managed by Ferezo, formerly Future Energy, which was renamed when BayWa re acquired the business in 2017.
Patrizia Infrastructure, Prime Super’s investment manager, facilitated the transaction.
Chepstowe Wind Farm has been operational since April 2015 and has the capacity to export 6MW. Maroona Wind Farm, operational since April 2018, has the capacity to export 6.8MW.
Lachlan Baird, CEO of Prime Super, said: “We look forward to continuing to expand our portfolio of climate-positive assets, and in doing so build on our history of delivering strong, long-term financial returns for our members.”
Baird said Prime Super had an extensive portfolio of direct investments with a track record of excellent long-term investment performance. “We believe these new wind-energy acquisitions will help us continue to deliver that strong performance,” he said.
Prime Super now owns five wind farms, all located in Victoria.
To read the latest edition of the latest IPE Real Assets magazine click here.
