Institutional investors continue to back large scale renewable assets Down Under, including utility scale PV. Institutional investor QIC, which has the Australian government Future Fund as a client, has stepped into large scale renewable investment in a big way, with the formation of the billion-dollar PARF. The ambition behind PARF is significant. It targets acquiring or developing 1 GW of large scale renewables, through raising AU$2-3 billion. QIC has seeded the fund with AU$800 million, with utility AGL providing a further AU$200 million. Much of the remaining AU$2 billion of investment targeted by the fund will come from additional investors or through debt financing. RenewEconomy reports that AGL says that there has been "a lot of interest" from private funds looking to invest in PART, however, that "quality" investors will be preferred, along with those within Australian. "QIC is proud to create this 'first of a kind' partnership between institutional capital and a key energy industry participant such ...Den vollständigen Artikel lesen ...