Infrastructure Capital Group added a Victorian wind farm to its $1.2 billion Energy Infrastructure Trust.
The Bald Hills Wind Farm was purchased from Mitsui & Co (Australia), the wholly-owned Australian subsidiary of one of Japan's largest general trading companies. The 106.6-megawatt project operates on a 15-year offtake agreement with Alinta Energy and joins wind farms in Western Australia and South Australia as part of ICG's portfolio.
"We're delighted to add to our utility portfolio another high quality investment that provides long term, stable and predictable cash flows, plus considerable environmental benefits," ICG chair Andrew Pickering said.
"Bald Hills is a testament to the expertise of Mitsui & Co (Australia) in constructing a technically exceptional asset, working cohesively with government, market participants and leaseholders, while securing long term operational certainty," he added.
"We are optimistic about the future of wind energy in Victoria where there is a sound balance of baseload and renewable energy production supported by a strong electricity