Leading independent infrastructure manager Whitehelm Capital has completed the acquisition of Mortons Lane Wind Farm (Mortons Lane) from CGN Wind Energy Limited, a subsidiary of China General Nuclear Power Group. The investment was made by Whitehelm Capital on behalf of Prime Super.
Mortons Lane is a 19.5MW operating wind farm located in Western Victoria that commenced operations in December 2012. Mortons Lane is located in a high wind-resource area and generates clean energy to power more than 4,000 homes and reduce up to 40,000 tonnes of CO2 annually. With a capacity factor in excess of 35% since commissioning, Mortons Lane ranks among the top 15 wind farms across Australia in terms of wind performance.
Saji Anantakrishnan, Whitehelm Capital’s Head of Australia and Asia, said “our investment in Mortons Lane is consistent with Whitehelm Capital’s approach to responsible investment, and is typical of our mid-market infrastructure strategy, which focusses on high quality assets, with strong commercial counterparties, and a potential for future growth. Whitehelm Capital has generated attractive returns for its investors through multiple business cycles by consistently pursuing a differentiated investment origination strategy and value-focused asset management.”