Landmark investment for Cbus: Australia’s first offshore wind project

Cbus Super has taken a 10% interest in Star of the South, Australia’s first offshore wind project. Star of the South is owned by Copenhagen Infrastructure IV (CI IV), a fund managed by Copenhagen Infrastructure Partners (CIP) who specialises in energy infrastructure investments, being one of the largest developers of offshore wind projects globally.

This offshore wind project is to be located off the south coast of Gippsland in Victoria.

The new partnership demonstrates confidence in Victoria’s offshore wind sector, with Star of the South forging the way for a new local industry to deliver a clean energy boost, create thousands of jobs and reduce carbon emissions.

This is a leading investment in the next great frontier of renewable energy in Australia. Star of the South alone has the potential to power around 1.2 million homes and supply up to 20% of Victoria’s electricity needs while creating jobs and investment in the Gippsland region.

“Star of the South is a landmark investment for Australian superannuation into the local offshore wind sector. Cbus is excited to be partnering with CIP, one of the world’s largest and most successful developers of offshore wind, while helping to pioneer the offshore wind industry in Australia.” – Cbus Chief Investment Officer Kristian Fok

To learn more about this new exciting new project visit starofthesouth.com.au

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