Aware Super has made a cornerstone investment into North Harbour Clean Energy (NHCE) as it positions the A$155bn (€104bn) superannuation fund to capture an emerging new wave of Australian energy technologies.
The investment, the first for Aware Super in the renewable energy storage space, carries a longer-term ambition to develop a A$1bn energy storage platform.
Aware Super senior portfolio manager, Mark Hector, told IPE Real Assets: “It is an earlier-stage development opportunity that does carry more risk and therefore higher expected rewards.“
He added: “We do have a mandate to design and construct (projects). We have done a few PPPs and other major capital work projects, which do carry higher risks.
“It is part of our investment ethos that in order to generate optimal returns for members we should not just focus on low-risk, low-return investments.”
Given its size,…
Aware Super cornerstones renewable energy storage firm NHCE | News
