Powering Australian Renewables Fund
| Company type | Investment fund |
|---|---|
| Industry | Renewable energy |
| Founded | 2016 |
| Headquarters | Australia |
| Owners |
|
Powering Australian Renewables (PowAR) is an Australian infrastructure investment fund closely associated with but independent from AGL Energy.[1]
Initial investment in PowAR was $200M from AGL, and up to $800M from each of QIC Global Infrastructure Fund and the Australian sovereign wealth fund, the Future Fund.[2]
PowAR’s initial assets included the
Mercury NZ to receive the New Zealand assets.[3]
As of 2022, PowAR has merged with Tilt Renewables following a complex acquisition and merger, making it the largest private developer and generator of renewable electricity in Australia.
References
- ^ "Powering Australian Renewables Fund FAQs - AGL". Retrieved 22 April 2017.
- ^ "AGL signs up investors for renewables fund". 26 July 2016. Retrieved 22 April 2017.
- ^ Mazengarb, Michael; Parkinson, Giles (15 March 2021). "AGL leads renewable power play in agreed $2.75 billion bid for Tilt". Renew Economy. Retrieved 15 March 2021.