By: greenbank On: June 01, 2016 In: Comments: 0

CEFC allocated up to AU$100 million of equity to an investment strategy aimed at accelerating the development of Australian renewable energy projects valued at AU$1 billion. The strategy involves funds managed by Palisade Investment Partners. Palisades is committing up to AU$400 million of additional equity through a combination of managed funds and its Direct Investment Mandate clients. Among others, Palisade’s current Direct Investment Mandate clients include VicSuper, LGIAsuper and Qantas Super. NAB and Commonwealth Bank will work with the CEFC and Palisade to provide debt financing for these renewable energy projects. Through this strategy, CEFC is looking to attract investors at an earlier stage of project development to more effectively accelerate the construction of commercially-viable projects.

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