Industry superannuation giant Rest Super will pump $250 million into a mid-scale solar and battery storage group as it looks to invest in transition projects that can sidestep the logjam in transmission holding up several larger renewables ventures.
The fresh injection of funds follows an initial $100 million committed to the previously ASX-listed MPower business in September last year by Sydney-based Wollemi Capital , a climate-focused investment firm that counts Rest Super as its first major pension fund backer.
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