DIF Infrastructure V (DIF V) has entered into a joint venture with Synergy and Cbus Super to form Bright Energy Investments (BEI).
BEI is to invest in a portfolio of utility scale wind and solar PV power projects located in Australia, with DIF V and Cbus Super to hold about 40 percent equity interest in BEI, and Synergy to hold about 20 percent. Synergy is an electricity generator and retailer owned by the Western Australian Government.
Initially BEI is to acquire the operational 36-megawatt Albany Grasmere Wind Farm, the 40-megawatt Greenough River Solar Farm (10 megawatts in operation and 30 megawatts in construction) and the proposed 180-megawatt Warradarge Wind Farm. All projects are located in Western Australia.
A pipeline of additional projects has also been identified that BEI will look to acquire, subject to certain investment criteria being met.
This investment fits neatly within DIF’s mandate to acquire infrastructure and renewable energy asse
