Synergy Renewable Vehicle

Tetris Capital advised Cbus Super on its joint venture with global infrastructure fund DIF Capital Partners and Western Australia-owned energy generator and retailer Synergy to form Bright Energy Investments (BEI). This partnership focuses on building and operating over 250MW of large-scale renewable energy projects in the South West Interconnected System (SWIS) in Western Australia, ensuring Synergy meets its Large-Scale Renewable Energy Target (LRET) obligations by 2020.

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DIF and Cbus collectively hold an 80.1% equity interest in BEI, which owns a portfolio of wind and solar assets including the 35MW Albany Grasmere Wind Farm, Stages 1 and 2 of the 40MW Greenough River Solar Farm (with Stage 2 construction started April 2018), and the 180MW Warradarge Wind Farm (financial close December 2018, construction early 2019, first generation 2020).

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The project creates up to 200 construction jobs and powers 135,000 homes, providing long-term returns and contributing to a low-emissions future.

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Tetris Capital provided financial advisory services to Cbus.