The 20MW [Royalla Solar Farm], previously developed and owned by Fotowatio Renewable Ventures (FRV) is a beneficiary of the 2012 ACT solar feed-in-tariff auction and is one of Australia’s oldest utility scale solar projects, commissioned in 2014.
Blueshore replaces FRV as manager of the asset, and will provide both technical, commercial and financial management services.
In November 2020, Rystad ranked Blueshore as the largest independent asset manager within the solar energy sector in Australia. The company provides asset management services to over 600MW of projects for clients including Genex (ASX: GNX) and New Energy Solar (ASX: NEW) and is unique in combining an entirely Australia based team and service with independence from conflicting interests of asset development or ownership.
Mike Rand, Managing Director at Blueshore said “Our recent appointment by DIF, with its international and local reputation as a leading investor in the renewable energy sector, gives further validation to the work the Blueshore’s team are doing in driving professional management and optimisation of renewable energy assets across Australia.”
Australia’s renewable energy sector saw a sharp increase in M&A activity at the end of 2020 with a spate of asset sale processes being announced. Meanwhile, initiatives such as the NSW Energy Infrastructure Roadmap look set to make renewable energy an increasingly prominent investment theme for 2021. As the sector continues to emerge, independent asset management experience will be increasingly sought after and companies such as Blueshore are expected to play a major role in the future of the sector.
Blueshore, established in 2017, is dedicated to the provision of independent asset management services to owners and investors in the renewable energy sector. Blueshore’s service offering includes provision of technical, commercial, regulatory, market and finance services to renewable energy assets and their owners. Blueshore is owned and operated in Sydney, NSW and builds upon the its team’s international experience in managing renewable assets over the last 2 decades.
Capital Partners DIF Capital Partners is a leading global independent fund manager, with €8.5 billion of assets under management across nine closed-end infrastructure funds and several co-investment vehicles. DIF Capital Partners invests in greenfield and operational infrastructure assets located primarily in Europe, the Americas and Australasia through two complementary strategies:
• DIF Infrastructure funds target equity investments with long-term contracted or regulated income streams including public-private partnerships (PPP/PFI/P3), concessions, utilities, and (renewable) energy projects. • DIF CIF funds target equity investments in small to mid-sized economic infrastructure assets in the telecom, energy and transportation sectors. DIF Capital Partners has a team of over 150 professionals, based in nine offices located in Amsterdam (Schiphol), Frankfurt, London, Luxembourg, Madrid, Paris, Santiago, Sydney and Toronto.