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Case study

Australian Renewables Income Fund backs new renewable energy investment opportunities

Supporting large-scale clean energy projects

The Australian Renewables Income Fund, a renewable energy fund managed by Infrastructure Capital Group, will focus on acquiring and developing large-scale wind and solar developments, as well as energy-from-waste projects, large-scale battery storage and pumped hydro.

$100m

equity

~260 MW

renewable energy

~630,000t

annual carbon abatement

ARIF offers investors access to a high-quality portfolio of operating renewable energy assets and a platform for future growth in the sector. It is a portfolio that has been built over an extended period and is designed to provide investors with a diversified exposure across the sector.
Tom Laidlaw
Managing Director, ICG

Our investment

The CEFC has made a cornerstone equity commitment of up to $100 million to the Australian Renewables Income Fund (ARIF). The CEFC’s commitment is directed towards further renewable energy asset purchases, including yet-to-be developed large-scale assets, as well as operating projects.

ARIF was created with three operating seed assets, which have secured power purchase agreements with major entities: the 55 MW Mumbida Wind Farm in Western Australia, 132 MW Hallet 4 Wind Farm in South Australia and the 107 MW Bald Hills Wind Farm in Victoria.

our impact 

Based on previous investment experience, the CEFC expects its investment to contribute to the development of some 260 MW in renewable generation assets, with the potential to deliver carbon abatement of about 630,000 tonnes a year.

There are limited fund style opportunities for institutional investors seeking equity exposure to renewable energy assets. The CEFC is investing in ARIF to expand the availability of tailored renewable energy investment options for investors, and to respond to the expectations of fund members. It is also helping increase the amount of finance available for large-scale renewable energy projects, especially at the early stage of development.

Last updated 1 June 2020. National, Wind, Solar, Renewable energy