Australian super fund invests $650m to green data centers and renewables

Rest, one of Australia’s largest profit-to-member superannuation funds, has plans to invest A$1 billion ($657 million) to renewable and clean energy infrastructure manager Quinbrook Infrastructure Partners, for green data centers and sustainable digitization projects.

“In a world increasingly reliant on data, and through the global growth in cloud-based technologies and AI, data centers have become big business, and demand for this critical infrastructure is expected to accelerate,” said Andrew Lill, Rest CIO.

“Repositories for the storage, management and dissemination of data require significant investments and huge amounts of energy.

“Maximizing their energy efficiency and minimizing their environmental impact through our commitment to Quinbrook is just one way we believe we can contribute to strong long-term financial benefits for Rest members, while supporting our objective to achieve a net zero carbon footprint for the fund by 2050.”

&nbs