Australia

The two investors are sharing the equity on a 60-40 split for the 36MW facility south of Perth.

CIO Sam Sicilia says the superannuation fund will consider non-core and infra-like assets, but only on a case-by-case basis.

The fund manager expects to commit at least $5 billion to assets in the region, its newly appointed head of renewable power in Asia-Pacific says.

The Australian manager takes a big step towards its $3bn target amid a record year for fundraising.

Wholesale energy retailer Flow Power will purchase 50MW of Sapphire’s 270MW capacity per year on a ‘10- to 12-year’ power-purchase agreement.

The mechanism will be debated at a meeting of state energy ministers this month, but emissions-reduction component will be absent.

Increased competition for the Peninsula Link deal drove the country’s four big banks to agree 10-year loans, pushing beyond their preferred five-year terms.