Partners Group agrees $142m Australia wind farm acquisition

The wind farm, known as Murra Warra, is planned to comprise about 60 turbines. Partners Group will lead the development process and receive support from RES. The project aims to have a capacity of 226 megawatts, or enough to power some 220,000 homes.

"We continue to believe the Australian renewable energy sector is benefiting from a transformative trend, with a significant amount of coal-fired generation retirements expected in the coming decade," Benjamin Haan, the firm's co-head for private infrastructure in Asia Pacific, said in a statement.

Partners Group described the plan as consistent with its "building core" strategy for infrastructure of entering during the construction phase. It is the firm's fourth wind farm investment in the country since 2015. Most recently, this activity included a A$700 million commitment to a renewable energy platform that will initially focus on development of the Sapphire wind project.

Partners Group claims to have delivered more than 900MW of renewable energy generation capacity in Asia Pacific with another 490MW currently under construction. Projects have included a 550MW Taiwanese solar development platform, and the Japan Solar platform, which was exited earlier this year for a 3.2x return.

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• Topics
• Australasia
• Infrastructure
• Cleantech
• Buyouts
• Australia
• Partners Group
• energy