Impact Investment Group launches $100m solar income fund

Impact Investment Group launches $100m solar income fund
Impact Investment Group launches $100m solar income fund

Impact Investment Group (IIG) has launched a $100 million Solar Income Fund with exclusive rights to buy around $60 million of Australian solar infrastructure projects in varying stages of construction.

The Fund has a target to deliver investors a pre-tax Internal Rate of Return of approximately 10 percent and is led by IIG Head of Renewable Energy Infrastructure Lane Crockett and overseen by an independent board chaired by Ross Garnaut AO.

During the life of the fund the pool of assets are expected to reduce carbon emissions by around 1.2 million tonnes.

IIG Solar Income Fund Chair Ross Garnet said the fund aims to provide attractive and stable returns to investors with positive social and environmental benefits. 

Seed assets include the Karratha Solar Farm land the Mount Majura and Williamsdale solar farms located in the Australian Capital Territory. The Fund will only acquire fully operational solar farms and assets will have long-term contracted or regulated off-take arrangements with Australian governments and/or investment-grade commercial counterparties, and will typically range between 1MWp-30MWp in size.

For more information, click here.

 

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Solar Panels Energy Consumption

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