Federation Asset Management has agreed to purchase an 18.4 percent stake in Windlab Ltd., a publicly-listed wind energy development company with operations across Australia, Southern Africa and North America.
Financial terms were not disclosed.
“Federation intends to provide the support required to bring Windlab’s exciting stable of projects to fruition. We look forward to collaborating with the company to assist it to achieve its full potential,” said Stephen Panizza, head of Federation Renewable Energy, in a statement.
Windlab has 7,500 megawatts of potential capacity, spread across 50 projects.