AMP Capital has announced a new infrastructure investment in the US on behalf of a major Australian superannuation fund.
The company announced it had moved to invest US$100 million in Capistrano Wind Partners — a company formed last year to develop, own and operate a diversified portfolio of large-scale wind energy projects across North America.
The investment, managed by AMP Capital, will sit alongside that of other members of the consortium making up Capistrano Wind Partners.
According to the announcement, Capistrano Wind Partners currently owns five operating projects in Nebraska, Texas and Wyoming, with the projects equating to 413 megawatts (MW) of operating capacity.
Commenting on the mandate, AMP Capital head of infrastructure Europe and North America, Boe Pahari, said the US wind energy market was already well-established and represented a rapidly growing sector of the energy generation market.
