CEFC invests $150 million in IFM infrastructure fund
The Clean Energy Finance Corporation (CEFC) has said it will invest $150 million in IFM Investors’ managed IFM Australian Infrastructure Fund, marking its first such investment in Australia’s diversified infrastructure sector.
The fund would target emissions reduction and energy initiatives across assets including Ausgrid, Brisbane Airport, Melbourne Airport, Sydney’s Port Botany and the Port of Brisbane.
CEFC infrastructure lead Julia Hinwood said the initiatives may include installing on-site solar and battery storage solutions, and conversions to electric vehicles.
“They are also likely to involve using smart management systems which monitor and assist with reducing energy consumption and optimising logistics and supply chains,” she said.
CEFC CEO Ian Learmonth said his organisation would work with IFM Investors to target comprehensive and sustained improvements to the carbon footprints of some of Australia’s most important infrastructure assets.
“We will also work with IFM Investors to enhance benchmarks and transparency around infrastructure emissions, so that we can deliver a step change in the emissions profile of our national infrastructure,” he said.
IFM Investors iss owned by 27 of Australia’s industry super funds, invests on behalf of six million Australian workers and approximately 15 million pension fund members globally.
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