Cbus Super takes stake in renewable energy | Australian Markets

Cbus Super has introduced it can take an equity stake in renewable energy generator, Atmos Renewables, by way of its present partnership with investment supervisor, Igneo Infrastructure Partners.

The fund mentioned the investment alerts its dedication to supporting Australia’s energy transition and to offering members with a diversified portfolio of renewable energy belongings.

The Igneo-owned renewable energy business at the moment has 18 renewable belongings in operation or beneath construction, with initiatives in Queensland, New South Wales, Victoria, Tasmania, South Australia and Western Australia. The mixed capability of its belongings totals 1.5 gigawatts, enough to energy 775,000 properties.

“Atmos’ geographic diversity, long-term contracts and potential development pipeline make it a highly attractive investment,” Cbus Chief Investment Officer, Leigh Gavin, mentioned.

“First and foremost, we consider this investment will stack up on returns, but additionally has the extra benefit of supporting a sustainable energy future for Australians.

“Atmos’ management in wind, photo voltaic, and now energy storage, beneath Igneo’s management, makes them preferrred companions as we proceed our dedication to renewable energy and assist for Australia’s energy transition.

“As well as providing long-term investment returns, the investment supports Australia’s renewable energy industry, a sector that employs many Cbus members. And importantly our portfolio gains more exposure to Australia’s energy transition via a diverse range of renewable energy assets.”

The investment in Atmos joins Cbus’ present $2.1 billion portfolio of renewables, with the newly-inked assist to back two renewable energy developments:

• “The 100MW/400MWh Merredin Battery Energy Storage System (MBESS) in Western Australia, Atmos’ first greenfield development and battery project to succeed in financial close. This $220 million project is anticipated to create 70 jobs during construction. It will improve regional grid stability and energy security, with operations anticipated to start by mid-2027.
• “The full acquisition of the 316MW Hornsdale Wind Farm in South Australia, increasing Atmos’ stake from 23.4% to 100%, further strengthening its contracted income base.”