Prime Super acquires another two wind farms

Prime Super has purchased two additional wind farms. The ownership of Chepstowe and Maroona wind farms brings the Fund’s wind-energy portfolio to a total of five wind farms.

Chepstowe and Maroona wind farms complement Prime Super’s ownership of Mortons Lane wind farm acquired by the fund in 2021, and Ferguson and Diapur wind farms acquired in 2022.

All five wind farms in the Prime Super renewable energy portfolio are located in Victoria.

The new wind farms are not new constructions. Chepstowe Wind Farm has been operational since April 2015 and has the capacity to export 6.0MW. Maroona Wind Farm, operational since April 2018, has the capacity to export 6.8MW.

The addition of the two wind farms increases the combined generation-capacity of Prime Super’s wind-energy assets, which according to PATRIZIA Infrastructure, generate enough wind energy to power approximately 40,300 homes.

The five wind farms are one hundred per cent owned by Prime Super and enable the Fund to make a contribution to Australia’s renewable energy infrastructure goals.

Lachlan Baird, Chief Executive Officer of Prime Super said:

“We look forward to continuing to expand our portfolio of climate-positive assets, and in doing so, build on our history of delivering strong, long-term financial returns for our members. Prime Super has an extensive portfolio of direct investments that have a track record of excellent long-term investment performance for the members of the Fund, and we believe these new wind-energy acquisitions will help us continue to deliver strong performance for our members.”