InfraRed Capital Partners has acquired a 40 per cent stake in the 228MW Lal Lal Wind Farm in Victoria.
Construction has already started on the 60-turbine project, located across two sites near Ballarat.
Once fully operational, Lal Lal is expected to generate over 650GWh per annum, enough energy to power over 92,000 households.
InfraRed infrastructure investment director Edward Hunt said the investment makes the company one of the largest shareholders in a consortium of investors.
“Lal Lal is an attractive opportunity to invest in a high-quality onshore project alongside experienced partners,” he said.
“It marks an important milestone for InfraRed’s global energy platform as we will be able to bring our experience in greenfield energy projects across the Americas and Europe to support the generation of clean energy in Australia.”
The project will benefit from revenue offtake with two Australian industrials.
The site is expected to be fully operational in late 2019.