• Source: Powering Australian Renewables Fund

Powering Australian Renewables (PowAR) is an Australian infrastructure investment fund closely associated with but independent from AGL Energy.
Initial investment in PowAR was $200M from AGL, and up to $800M from each of QIC Global Infrastructure Fund and the Australian sovereign wealth fund, the Future Fund.
PowAR’s initial assets included the Nyngan Solar Plant and the Broken Hill Solar Plant, both developed by AGL Energy in 2015. It added Silverton Wind Farm and Coopers Gap Wind Farm soon after, both developed by AGL. In 2021, PowAR was a partner in a consortium formed to take over Tilt Renewables. PowAR would receive the Australian assets of Tilt Renewables, with Mercury NZ to receive the New Zealand assets.
In August 2021, PowAR took over the Australian assets and operations of the former Tilt Renewables, making it the largest private developer and generator of wind and solar electricity in Australia. The combined organisation was subsequently renamed to Tilt Renewables. It holds the assets of both former entities, and is owned 40% by QIC, 40% Future Fund and 20% AGL.




References

Kata Kunci Pencarian:

• Powering Australian Renewables Fund
• Future Fund
• AGL Energy
• Tilt Renewables
• Broken Hill Solar Plant
• Renewable energy in Australia
• Australian Renewable Energy Agency
• Queensland Investment Corporation
• Nyngan Solar Plant
• Enel Green Power