Chepstowe Wind Farm, Victoria
In 2014, IIG co-invested in a small scale renewable energy asset in regional Victoria. The unlisted IIG Wind Trust is managed by IIG and was established to facilitate co-investment in the development of the three-turbine wind farm developed at Chepstowe near Ballarat by Future Energy Pty Limited. It is expected that the Chepstowe Wind Farm will generate enough green electricity to power around 4,000 homes.
Asset Type: Renewable energy
Return: Target IRR of 10.5% per annum underpinned by 10-year indexed power purchase agreement for 100% of energy and LGCs generated.
Environmental intention: Greenhouse emissions offsets of one tonne per MWh generated. Clean electricity for approximately 4,000 homes.
Social intention: Local job creation through construction and operations.