The Clean Energy Finance Corporation (CEFC), an Australian government-owned green bank, and CDPQ, a global investment group, have launched a strategic partnership focused on agricultural land in Australia, with a first acquisition of a farm dedicated to row crops in New South Wales.
The new platform will invest an initial amount of A$200 million ($139 million) during the next three years to acquire assets that will be managed by Gunn Agri Partners, a leading Australian farmland manager, of which CDPQ and the CEFC will become minority shareholders.
The first asset acquired covers 1,200 hectares (2,965 acres) of arable crops and areas suitable for grazing and conservation. Weather conditions in the area allow for a range of summer and winter cropping options — including cereals, oilseeds, pulses and dryland cotton.
“This CDPQ investment is a welcome addition to the Australian market, to demonstrate the potential for institutional capital to drive the decarbon
