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…
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