Australia’s Super Fund Investments Skyrocket As It Secures Two Additional Wind Farms In Victoria

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Prime Super, an independent Australian superannuation fund, has just invested in two small wind farms in Victoria. 

It will increase its renewable energy portfolio by five turbines delivering enough power to light up over thirty thousand homes.

On Monday, Prime Super proudly revealed its purchase of the two wind farms in Western Victoria. The first one, Diapur Wind Farm, is located near Nhill and contains 7.4MW over two turbines, while Ferguson Wind Farm holds 10.8 MW with its three turbines.

As a part of their strategy in Australia to construct minor wind and hybrid projects for resale, BayWa r.e. built both projects with Vestas wind turbines, these two sites exemplify the effectiveness of this approach and have become increasingly popular among potential customers due to their convenience, affordability, and sustainability perks.

In 2019, BayWa r.e. accomplished its first two projects in Victoria: the Timboon West and Yawong wind farms. To maximise their returns from these ventures, they drafted 15-year operations & maintenance contracts with Vestas and power purchase agreements with Alinta Energy; thereby enabling them to sell 100% of the generated electricity profitably.

In addition to the 19.5MW Morton’s Lane wind farm acquired in April 2021, Prime Super has purchased two more projects: Diapur and Ferguson.

Situated 38 km east of Hamilton, Morton’s Lane is located in the western district of Victoria. Like Diapur and Ferguson, it is a wholly-owned asset by the fund that has been placed under Patrizia’s careful supervision as its investment consultant.

Being located in regional Australia, [these wind farms] will not only deliver returns to our members but also provide employment opportunities for people in regional Australia,” said Baird.

This is an exciting time for Prime Super, and we’re looking forward to continuing to expand our portfolio and build on our history of providing strong long-term returns to our members.

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