Partners Group acquires a wind farm project in Australia
Partners Group – Switzerland-based alternative asset management company and private equity firm that specializes in direct, secondary, and primary investments across private equity, private real estate, private infrastructure, private debt and liquid private markets strategies– has invested over AUD 180 million in equity on behalf of its clients to acquire and construct the second stage of Murra Warra Wind Farm (“Murra Warra II”) in Australia.
The construction of Murra Warra II will commence this month and is expected to be completed by mid-2022. The wind farm will comprise 38 GE Cypress 5.5MW turbines with a total nameplate capacity of 209MW, located approximately 30 kilometers north of Horsham in the state of Victoria, next to Murra Warra I.
Once completed, Murra Warra II will generate enough clean energy to power 150,000 Australian households and offset over 468,000 tonnes of carbon emissions every year. The project has already entered into a long-term power purchase agreement with Snowy Hydro, an Australian Federal Government-owned electricity generator and retailer, for 100% of the capacity. The wind farm is also expected to support more than 400 jobs in regional Victoria during construction, stimulating further investment in local businesses and services.