Business
IFM partners with oil trader to create $2.8 billion renewable energy venture – RenewEconomy
Australian super fund IFM partners with global oil trader to create a $2.8 billion joint venture targeting 2,000MW of new renewable and storage projects.
The investment arm for Australias industry superannuation funds has struck a deal with a global oil trader to form a new multi-billion-dollar joint venture to targeting investments in new renewable energy and battery storage projects.
Nala Renewables has been formed as a joint venture between IFM Investors, which manages around $140 billion in assets and investments on behalf of Australia’s industry super funds, and international oil trader Trafigura Group.
The joint venture will be provided w…
-
General11 hours agoChina and Philippines trade blame over latest South China Sea clash
-
Noosa News15 hours agoBrisbane rising on global rankings, but still behind southern capitals
-
Noosa News15 hours agoWest End icon closes doors
-
General17 hours agoCalls for government to ‘get on with’ CSIRO Ginninderra Experiment Station land sale after three-year delay