QIC has further increased its investment in decarbonisation and energy transition through Powering Australian Renewables (PowAR), which has completed the acquisition of the Australian business of
This QIC-led transaction is another demonstration of QIC's deal origination capability, with more than
QIC's follow-on investment in Generate on behalf of its global funds and clients, leading the
Acquisition by QIC and its partner
Through the acquisition of Tilt, the PowAR business will own more than 1,300MW of operational renewable energy capacity across nine geographically diverse wind and solar generation assets.
This significant transaction also provides PowAR with a high-quality development pipeline, which at over 3,500MW, will see PowAR play a leading role in the decarbonisation of the Australian energy market.
'It also evidences our ability to secure strong bolt-on acquisitions to drive value for our existing
'The acquisition of this significant business in the highly sought-after sector of renewable energy will allow our clients to capitalise on the strong forecast demand for sustainable energy generation in
'PowAR has already established itself as a successful renewable energy owner and operator, and with the strategic addition of Tilt to cement its position as
PowAR is a partnership between the
QIC's global infrastructure footprint includes 21 assets in six countries across the energy and utilities, transport, and social/PPP sectors.
1Source: Australian Energy Infrastructure Commissioner 2021 Ecogeneration maps for wind and solar
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About QIC:
QIC is a long-term specialist manager in alternatives offering infrastructure, real estate, private capital, liquid strategies and multi-asset investments. It is one of the largest institutional investment managers in
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About QIC Global Infrastructure:
QIC is a long-term infrastructure investor with an established global platform, an active management approach and a proven, 15-year track record. With a global team of more than 61 professionals across five offices (including an office in
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Email: k.macfarlane@qic.com
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