Firm helps establish $1b renewable energy fund

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Allens has helped AGL Energy Limited (AGL) to establish the Powering Australian Renewables Fund (PARF), Australia's first unlisted A$1 billion renewable energy fund.
The PARF which launches this Wednesday was established to finance investments in large scale renewable projects across Australia.
“It has been very rewarding to be part of the project. The Fund has set a target of 1,000 MW of capacity and this will be achieved by investments in a mix of renewable technologies across Australia,”said Allens lead partner Anna Collyer.
“The Allens team has included a mix of energy and funds lawyers.”
The Allens team included partners Kate Axup and Mac Kemp and senior associate Damien Hughes.
Senior overseas practitioner James Kanabar, associates Danielle Jones and Patrick Boyle and law graduate Luisa Colosimo complete the Allens legal team.
Joining the integrated energy company in the PARF is QIC as equity partner acting on behalf of its clients the Future Fund and QIC Global Infrastructure Fund investors.