AsianInvesterAsianInvesterAsianInvester

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.
QIC takes wind control as Australia attracts institutional 'safe harbour' flows

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.

Sign in to read on!
Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to AsianInvestor

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.
If you are a senior professional at a large institutional asset owner, such as a sovereign wealth fund or pension fund, please contact [email protected] for further assistance.

Questions?
See here for more information on licences and prices, or contact [email protected]
¬ Haymarket Media Limited. All rights reserved.