AMP Super is participating in a strategic co-investment in Atmos Renewables, supporting the next phase of growth for the Australian renewable energy platform managed by IgneoInfrastructure Partners (Igneo).
The investment will help fund two major initiatives: the financial close of the 100MW/400MWh Merredin Battery Energy Storage System (MBESS) in Western Australia, and the acquisition of the remaining interest in the 316MW Hornsdale Wind Farm in South Australia.
Gavin Mork, AMP Super’s Head of Private Markets said:
“This is a high-quality, strategic investment that aligns with AMP Super’s approach to identify emerginginfrastructure opportunities that complement our broader diversified portfolio.
“The investment supports Australia’s energy transition and, importantly for our members, the valuation is compelling. We expect it will deliver long-term value.
“It also builds on another strong year for AMP Super, where our diversified investment strategy delivered returns of up to 14.1 per cent for members.”