The Clean Energy Finance Corporation (CEFC) has committed AU$75million as cornerstone investor into a new specialist renewable energy fund managed by Palisade Investment Partners.
The Palisade Renewable Energy Fund (PREF) is seeking to invest as much as AU$500 million in new investment to clean energy projects. PREF already has three assets in the portfolio – the Waterloo and Hallett 1 wind farms in South Australia, and the $225 million Ross River Solar Farm, near Townsville in Queensland. The CEFC has committed $20 million as an equity investor in the Ross River development, and is the CEFC’s first direct equity stake in a solar farm, the CEFC said.
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