By Nick Hedley
Brisbane-based Brighter Super has invested AU$40 million (US$26 million) in Tilt Renewables, Australia’s largest renewable energy business.
Backed by the Queensland Investment Corporation, Tilt Renewables has nine operational assets with a total capacity of 1.3GW. Its development pipeline is over 3GW.
Brighter Super’s investment will support the development of the Rye Park Wind Farm in New South Wales, which will use 66 Vestas EnVentus V162-6.0MW wind turbines and will supply clean energy for the equivalent of 215,000 homes.
Brighter Super CEO Kate Farrar said the long-term investment in wind power would provide stable and secure returns for members while supporting Australia’s energy industry.
“Creating a bright future is more than creating strong retirement outcomes for our members, but also ensuring we create jobs and work to preserve the planet,” Farrar said.
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