QIC takes wind control as Australia attracts institutional 'safe harbour' flows
The Queensland fund's move to near-total ownership of wind platform Tilt Renewables alongside new solar partnerships demonstrates Australia's growing appeal as a stable destination for Asian institutional investors seeking renewable energy exposure.
Queensland Investment Corporation (QIC) this week announced that it has agreed to acquire AGL Energy's remaining 19.9% stake in Tilt Renewables for $490 million (A$750 million), moving to 99.9% ownership of Australia's largest wind platform alongside existing investor the Future Fund.
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