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Powering Australian Renewables Fund
Powering Australian Renewables (PowAR) is an Australian infrastructure investment fund closely associated with but independent from AGL Energy. 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. PowAR’s initial assets included the Nyngan Solar Plant and the Broken Hill Solar Plant, both developed by AGL Energy in 2015. It added Silverton Wind Farm and Coopers Gap Wind Farm soon after, both developed by AGL. In 2021, PowAR was a partner in a consortium formed to take over Tilt Renewables Tilt Renewables Pty Ltd is an Australian electricity generation company. It was previously dual listed on the New Zealand stock exchange and Australian stock exchange. As of 2022, the Powering Australian Renewables has merged with Tilt Renewable .... PowAR would receive the Australian assets of Tilt Renewables, with Mercury NZ to receive the New Zealand assets. As of 2022, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment Fund
An investment fund is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group such as reducing the risks of the investment by a significant percentage. These advantages include an ability to: * hire professional investment managers, who may offer better returns and more adequate risk management; * benefit from economies of scale, i.e., lower transaction costs; * increase the asset diversification to reduce some unsystematic risk. It remains unclear whether professional active investment managers can reliably enhance risk adjusted returns by an amount that exceeds fees and expenses of investment management. Terminology varies with country but investment funds are often referred to as investment pools, collective investment vehicles, collective investment schemes, managed funds, or simply funds. The regulatory term is undertaking for collective investment in transferable securities, or short collective invest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Renewable Energy
Renewable energy is energy that is collected from renewable resources that are naturally replenished on a human timescale. It includes sources such as sunlight, wind, the movement of water, and geothermal heat. Although most renewable energy sources are sustainable, some are not. For example, some biomass sources are considered unsustainable at current rates of exploitation. Renewable energy often provides energy for electricity generation to a grid, air and water heating/cooling, and stand-alone power systems. Renewable energy technology projects are typically large-scale, but they are also suited to rural and remote areas and developing countries, where energy is often crucial in human development. Renewable energy is often deployed together with further electrification, which has several benefits: electricity can move heat or objects efficiently, and is clean at the point of consumption. In addition, electrification with renewable energy is more efficient and therefore ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Queensland Investment Corporation
QIC (Queensland Investment Corporation) is a Government owned investment company owned by the Queensland Government. It was founded on 1 July 1991 pursuant to the ''Queensland Investment Corporation Act 1991'' to serve the long-term investment responsibilities of the Queensland Government. As of 30 September 2008, the organisation converted from a statutory Government owned corporation (GOC) to a company GOC and was renamed QIC Limited (QIC). QIC has now grown into a leading long-term specialist manager in alternatives. Assets QIC has investments in both Australia and the United States. Most of its shopping mall investments are through a 49% shareholding in a joint venture with Forest City Enterprises. In 2017, QIC reached an agreement to buy Forest City's interest in six of FC's eleven mall investments and an option to buy four others, excluding Charleston Town Center Mall in Charleston, WV. Forest City's US shopping centre management operation would also transfer to QIC. Am ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Future Fund
The Future Fund is an independently managed sovereign wealth fund established in 2006 to strengthen the Australian Government's long-term financial position by making provision for unfunded superannuation liabilities for politicians and other public servants that will become payable during a period when an ageing population is likely to place significant pressure on the Commonwealth's finances. In 2021 the fund had US$143.7 billion in assets under management. The board of the Future Fund also manages another five public asset funds, giving it responsibility for investing over A$210 billion on behalf of the Australian Government. Purpose The legislation establishing the Future Fund describes its main object as being 'to strengthen the Commonwealth's long-term financial position'. While legislation permits withdrawals from the fund from 1 July 2020, the government indicated in 2017 it intends to allow the fund to continue to accumulate until at least 2026/27 before making withd ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
AGL Energy
AGL Energy Ltd () is an Australian listed public company involved in both the generation and retailing of electricity and gas for residential and commercial use. AGL is Australia's largest electricity generator, and the nation's largest carbon emitter. In 2014, the company had an operated generation capacity of 10,984 MW. The company emitted 42,227,180 Total Scope 1 Emissions (t -e) in 2019-20 and 40,209,034 t -e in 2020–21. AGL is also a significant investor, owner, and operator, of renewable energy assets. AGL Energy generates energy from power stations that use thermal power, natural gas, wind power, hydroelectricity, solar energy, gas storage and coal seam gas sources. AGL claimed in August 2021 that it had more than 4.5 million residential and business customer accounts across New South Wales, Victoria, South Australia and Queensland, making it the largest fully integrated energy company, telecommunications company, and utility in Australia. AGL entered the residential ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment Fund
An investment fund is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group such as reducing the risks of the investment by a significant percentage. These advantages include an ability to: * hire professional investment managers, who may offer better returns and more adequate risk management; * benefit from economies of scale, i.e., lower transaction costs; * increase the asset diversification to reduce some unsystematic risk. It remains unclear whether professional active investment managers can reliably enhance risk adjusted returns by an amount that exceeds fees and expenses of investment management. Terminology varies with country but investment funds are often referred to as investment pools, collective investment vehicles, collective investment schemes, managed funds, or simply funds. The regulatory term is undertaking for collective investment in transferable securities, or short collective invest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sovereign Wealth Fund
A sovereign wealth fund (SWF), sovereign investment fund, or social wealth fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity fund or hedge funds. Sovereign wealth funds invest globally. Most SWFs are funded by revenues from commodity exports or from foreign-exchange reserves held by the central bank. Some sovereign wealth funds may be held by a central bank, which accumulates the funds in the course of its management of a nation's banking system; this type of fund is usually of major economic and fiscal importance. Other sovereign wealth funds are simply the state savings that are invested by various entities for the purposes of investment return, and that may not have a significant role in fiscal management. The accumulated funds may have their origin in, or may represent, foreign currency deposits, gold, special drawing rights (SDRs) and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nyngan Solar Plant
The Nyngan Solar Plant or Farm is one of the largest operating solar plants in Australia. At the time of construction, it was the largest solar plant in the southern hemisphere. It is located 10 km west of Nyngan in western New South Wales. It was built and is operated by AGL Energy. It has over 1.3 million solar panels, generating 102 megawatts of power. It was opened on 18 April 2015, and became fully operational in July 2015. The Nyngan Solar Plant is associated with the Broken Hill Solar Plant, a 53 megawatt farm located almost 600 km west, which became operational in December 2015, making the total capacity of the combined plants 155 megawatts. The solar panels do not track the movement of the sun. They are arranged in rows facing north, tilted at 25 degrees. Financial impact The plants were constructed with $166.7 million funding support from the Australian Renewable Energy Agency (ARENA) and $64.9 million from the NSW Government. There was some criticism o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Broken Hill Solar Plant
The Broken Hill Solar Plant, which became operational in December 2015, is a 53 megawatt farm located near Broken Hill in western New South Wales ) , nickname = , image_map = New South Wales in Australia.svg , map_caption = Location of New South Wales in AustraliaCoordinates: , subdivision_type = Country , subdivision_name = Australia , established_title = Before federation , es ..., Australia. It is associated with the Nyngan Solar Plant (almost 600 km to the east), making the total capacity of the combined plants 155 megawatts. The Australian Energy Commission sets the regulations for the Australian Energy Market Operator (AEMO). The AEMO calculates and publishes MLFs every year by 1 April as required under clause 3.6 of the National Electricity Rules ahead of commencing on 1 July. These figures are forward-looking projections based on expectations of the demand and dispatch patterns of that upcoming year, as well as the network flows and losses that are expected ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Silverton Wind Farm
The Silverton Wind Farm is a 199 megawatt wind farm situated on the Barrier Ranges in New South Wales, built for AGL Energy by CATCON and General Electric. On 3 June 2009, the project was approved by the NSW state Government. The project was initially set to begin construction in the first half of 2010, yet several issues caused delays. To begin, the transmission line needed to connect the fully developed wind farm would need to be as long as 300 km, and due to multiple connection options, as well as an expected large cost of the infrastructure, the decision of the final solution was delayed. In 2012, the start-date for construction of the wind farm has been pushed back to 2014, after AGL Energy decided to give priority to building two solar photovoltaic plants which have received almost A$200m in government funding. The project's planning approval was set to expire on 24 May 2016, however AGL submitted a Modification Application on 25 February 2016 with the sole aim t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coopers Gap Wind Farm
Coopers Gap Wind Farm is a 453 megawatt wind farm in the Western Downs and South Burnett regions of Queensland, Australia. It is located approximately 175 km north-west of the state capital Brisbane, and 50 kilometres south-west of Kingaroy and 65 km north of Dalby. When construction was announced to be completed on 30 April 2020, it became the largest wind farm in Australia. This record was held until 10 December 2020 when the Stockyard Hill Wind Farm in Victoria was completed. Site The wind farm is located in a hilly area, approximately 5 km to the north-west of the Bunya Mountains. It is located approximately north-west of the state capital Brisbane, and south-west of Kingaroy and north of Dalby. The area is mostly cleared, cattle-grazing country and was originally planned to cover approximately in total, however the site area was reduced later in the development process to . The site has an elevation of 535 to 840m. The project falls within both ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tilt Renewables
Tilt Renewables Pty Ltd is an Australian electricity generation company. It was previously dual listed on the New Zealand stock exchange and Australian stock exchange. As of 2022, the Powering Australian Renewables has merged with Tilt Renewables following a complex acquisition and merger, making it the largest private developer and generator of renewable electricity in Australia. On 15 March 2021, a takeover was announced with support from the largest shareholders and independent board members. The proposed scheme of arrangement would be worth by a consortium where the New Zealand assets would be taken over by Mercury NZ and the Australian assets by Powering Australian Renewables Fund – itself a consortium of AGL Energy, QIC Global Infrastructure Fund and the Australian Government's Future Fund. Generation assets Below is the list of currently generating assets owned by Tilt Renewables Developments Below is list of the upcoming development pipeline for Tilt Renewables ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
