Some of Australia’s most important infrastructure assets, including the Port of Melbourne and Sydney Airport, have signed on to the final stage of the Australian Infrastructure Renewable Energy Program led by QIC and IFM Investors, two of Australia’s largest infrastructure fund managers.
The program, valued at more than A$700 million ($462 million), will facilitate the supply of 500 gigawatt-hours of renewable energy per year after all the assets roll onto the program. They will aim to help Australia’s critical infrastructure businesses in QIC and IFM’s portfolios save costs, reduce exposure to energy market volatility and slash emissions.
Launched in March 2022, stage 1 of the program included seven critical infrastructure assets across New South Wales and Victoria — NorthWestern Roads Group’s WestLink M7, Transurban’s CityLink, Nexus Hospitals, Melbourne Airport, NSW Ports, Southern Cross Station and Ausgrid. In November 2022, Brisbane Airport Corp. sig
