Sapphire Wind Farm crowdfunding completes

From
Arthur Naoumidis

Arthur Naoumidis

DomaCom Limited (ASX: DCL) is pleased to announce that the DomaCom Fund has completed its first crowdfunding into a wind farm project.

Located in the New England region of northern NSW, the Sapphire Wind Farm Community Co-investment is in the vicinity of Inverell and Glen Innes and was opened firstly to residents in the Federal Division of New England to participate in the offer.

The wind farm is owned and operated by Grassroots Renewable Energy, which is a joint venture between CWP Renewables and Partners Group.

Completed in November 2018, the Sapphire Wind Farm has a capacity of 270MW making it the largest wind farm in New South Wales, and is capable of powering 115,000 homes and displacing 700,000 tonnes of carbon dioxide per year.

DomaCom CEO Arthur Naoumidis said, “The Sapphire project is further evidence of DomaCom’s capacity to syndicate a variety of investment opportunities across a range of asset types, and further demonstrates the ability of communities to come together to fund projects that they care about. In the case of Sapphire investors will receive a yield of 6% p.a. paid quarterly for 9 ½ years on a minimum investment of $1,250”.

“We are delighted that CWP Renewables and Partners Group, a global private markets investment manager, decided to partner with DomaCom for this outstanding project and we look forward to bringing other similar projects to investors and communities in the future”.

Mr Andrew Dickson from CWP Renewables said “This was the first time we’ve undertaken an initiative of this nature and scale, but it won’t be the last. DomaCom have been a great partner.”

DomaCom has been developing a strong pipeline of property investment acquisitions and projects across residential, commercial and rural sectors that will help it to continue strong growth in FUM over the coming months.

Highlights

  • Australia’s first large-scale public community investment into a utility-scale wind farm.
  • At 270MW it is the largest wind farm in NSW, and can power 115,000 homes
  • 75 Wind Turbines – approximately two-thirds of the power generation has been already pre-sold in off take agreements
  • Community investment component represented just under $1.8 million and nearly 100 investors

About DomaCom:

DomaCom Australia Limited AFSL 444365 is the owner and operator of the DomaCom investment platform (www.domacom.com).

The platform seeks to provide the SMSF market and other long-term investors the opportunity to make fractional investments in a range of asset classes including property related investments, mortgage backed securities and debt securities they choose via a unique trust structure.

Investments in DomaCom platform are facilitated in the DomaCom Fund ARSN 167 020 626 (Fund), a licensed managed Investment scheme registered with ASIC.

The trustee and responsible entity of the Fund is Melbourne Securities Corporation Ltd AFSL 4282189, a part of MSC Group.

 

About CWP Renewables, Partners Group and Grassroots Renewable Energy:

 

CWP Renewables is a leading renewable energy developer, owner and asset manager with full project life-cycle expertise. Its team holds a wealth of experience in the renewable energy sector, accumulated through the successful delivery of projects in Europe and Australia.

Partners Group is a global private markets investment manager, serving over 900 institutional investors. It has USD 91 billion in assets under management.

Grassroots Renewable Energy is a joint venture between CWP Renewables and Partners Group, focussing on the development, financing, construction and operation of quality renewable energy assets in Australia, and the sale of its portfolio’s renewable energy to commercial and industrial customers.

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