Partners Group acquires 226MW wind farm project in Australia

Sustainable wind farm

Global private equity firm Partners Group has acquired the 226MW first stage of Murra Warra Wind Farm (Murra Warra I) in Australia for AUD 200 million ($142.1 million), according to an official announcement.

The 226MW wind farm is being acquired from Renewable Energy Systems (RES) and Macquarie Capital, which jointly developed the project.

Under the acquisition, Partners Group is leading the delivery of Murra Warra I while RES will work alongside Partners Group to provide certain ongoing services to support the project.

The wind farm will consist of 61 Senvion 3.7M144 turbines and is expected to be fully operational by mid-2019. Once completed, Murra Warra I will generate enough clean energy to power 220,000 Australian households and offset over 900,000 tonnes of carbon emissions every year.

“Investing into a project such as Murra Warra I, where we can enter during the construction phase and successfully deliver the project through to its operation phase, is consistent with our ‘building core’ strategy in infrastructure and is Partners Group’s fourth major wind farm investment in Australia since 2015,” said Benjamin Haan, Partner, Co-Head Private Infrastructure Asia-Pacific, Partners Group.

“The project brings additional scale and diversification to our portfolio and is one of the highest-quality wind resource sites in Australia’s National Electricity Market,” he added.

The Murra Warra I investment follows Partners Group’s recent AUD 700 million ($497.4 million) commitment to develop Grassroots Renewable Energy Platform, a large-scale platform that aims to construct over 1.3GW of new wind power, solar power and battery storage assets across Australia within the next four years.

In March, Partners Group launched its first global impact fund, PG LIFE capped at $1 billion, to focus on investments in education, healthcare, energy access, clean energy, and social inclusion.

In a statement, the private investor said the fund will have the dual mandate to achieve attractive risk-adjusted financial returns alongside measurable, positive social and environmental impact.

Also Read: 

Partners Group to invest $527m in Australian renewable energy platform

Macquarie sells sub-metering services provider to Partners Group-led consortium 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.