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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Australia’s AGL and state-owned funds establish renewables fund

Posted on 27 July 2016

Australia’s second-largest energy retailer AGL Energy Ltd said on Wednesday it had set up the nation’s largest renewable energy fund, worth A$2-3 billion, with Australia’s sovereign wealth fund and a Queensland government-owned fund.
The Powering Australian Renewables Fund (PARF) plans to develop 1000MW of renewable energy and will acquire two existing AGL solar plants, which together produce 155MW, AGL said in a statement………………………………………..Full Article: Source


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