Powering Australian Renewables Fund FAQs
The PARF is designed to unlock investment in large scale renewable energy resources. The fund provides an opportunity for investors to finance a portfolio of renewable assets, to diversify risk and reduce costs.
It is anticipated that beyond 10 years the fund will contract with a range of energy retailers and energy end users that need to manage their energy and LGC requirements. These contracts could be made either direct or via energy market intermediaries.
AGL’s solar projects at Nyngan and Broken Hill are expected to be the first assets acquired by PARF. The Silverton and Coopers Gap wind farms are expected to be considered by PARF in the near future.
No. We would hope that other developers would bring their projects to the Fund.
Once identification of equity and debt providers has occurred and the fund, is established we will be in a position to provide specific detail on aspects of governance, access, development criteria, etc.
It is likely the Fund would assess a range of criteria including project readiness and status, location and energy outlook, but more specific criteria will be a matter for the Fund.
Once the Fund is established it will determine its own communication protocol. In the interim interested parties and stakeholders can email PARF@agl.com.au for enquiries relating to the Powering Australian Renewables Fund.
No. We will look to have 2-3 other equity investors with $200 million each due to efficiencies of scale.
Potential debt providers can either contact AGL via their existing relationship manager or via email at PARF @agl.com.au.
AGL expects to acquire all energy and LGCs produced by projects undertaken by PARF for up to the first 10 years of operation. Companies interested in purchasing energy and LGC output from the Fund assets should register their interest via PARF@agl.com.au.