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

For more information about Cbus visit cbussuper.com.au or call 1300 361 784

This information is about Cbus and doesn’t take into account your specific needs. You should look at your own financial position, objectives and requirements before making any financial decisions. Read the relevant Cbus Product Disclosure Statement to decide if Cbus is right for you. Call 1300 361 784 or visit cbussuper.com.au for a copy. Also read the relevant Target Market Determination at cbussuper.com.au/tmd

Issued by Cbus’ Trustee: United Super Pty Ltd ABN 46 006 261 623 AFSL 233792 Cbus ABN 75 493 363 262.

Image: CIP project in Germany – Veja Mate