Palisade sets up 1GW investment vehicle

Australian investor Palisade Investment Partners has launched a platform called Intera Renewables to develop and manage clean energy projects, including wind farms.

Palisade has set up Intera with five assets with total headline capacity of 1GW: Hallett 1 Wind Farm (South Australia), Snowtown 2 Wind Farm (South Australia), Granville Harbour Wind Farm (Tasmania), Macarthur Wind Farm (Victoria) and Ross River Solar Farm (Queensland). The company has also secured a A$1.3bn ($870m) portfolio financing facility against the pool of Intera assets.

Palisade Renewable Energy Fund will own 50% of Intera Renewables; and the other investors in Intera are Aware Super and Palisade direct investment clients Clean Energy Finance Corporation and HESTA.

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