AMP Capital has agreed to pay A$880 million ($604 million) for a half-share in Australia’s Macarthur Wind Farm on behalf of investors in the AMP Capital Community Infrastructure Fund (CommIF) and the AMP Capital Core Infrastructure Fund (CIF).
The seller was Malakoff, a plantation-based company, listed on Malaysia’s Kuala Lumpur Stock Exchange.
The largest wind farm in the southern hemisphere, Macarthur Wind Farm spans 5,500 hectares (13,590 acres) of agricultural land outside the Macarthur township. It comprises 140 wind turbines capable of generating 420 megawatts of energy, enough to power the equivalent of 181,000 homes annually.
Energy generated from the wind farm, which started operating in 2013, is fully contracted to AGL under a fixed price contract until 2038.
The transaction marks AMP Capital’s CommIF fund’s first investment in the renewable energy sector. The fund invests in high-yield, brownfield, social infrastructure assets in Austra
