The sale of the project ensured there would be sufficient equity funding to complete the 61-turbine site’s construction, RES announced.
Partners Group stated it had invested more than A$200 million (US$142 million) in equity to acquire Murra Warra I.
The investment is part of its 1.3GW grassroots renewable energy platform of wind, solar PV and battery storage projects being built across Australia.
RES will continue to be involved in Murra Warra I, by acting as construction and asset manager for Partners Group, it added.
The wind farm will consist of 61 Senvion 3.7M144 turbines and is expected to be fully operational by mid-2019.
Senvion, alongside Australian civil and electrical contractor Downer, started building the project in western Victoria, in March 2018.
Construction started after RES and Macquarie secured debt financing from a consortium of Australian, New Zealand and Japanese banks, and after the developers secured a series of long-term power purchase agreements (PPAs).
ANZ (Australia and New Zealand Banking Group), the MUFG Bank, Sumitomo Mitsui Banking Corporation and Westpac Banking Corporation provided debt financing for Murra Warra I.
When the project is completed it will provide power to telecommunications firm Telstra, Coca-Cola Amatil, ANZ, plus the Melbourne and Monash universities under long-term PPAs.
RES and Macquarie Capital will continue to develop the 203MW Murra Warra II site, the partners announced. The second-stage project will comprise 55 Senvion 3.7M144 turbines together with a solar PV facility and energy storage system.
Partners Group claims to have developed about 2GW of solar and wind energy capacity on behalf of clients in the Asia-Pacific region. It is working alongside CWP Renewables to develop a 1.3GW pipeline in Australia, and also previously invested in the 240MW Ararat wind farm in north-east Victoria.
In August 2017, the state of Victoria passed renewable energy targets of 25% by 2020 and 40% by 2025.
