Australia's clean energy revolution has just received a significant financial jolt. On August 12, 2025, Cbus Super, AMP Capital, and MLC Australia jointly announced a massive $260.61 million (A$400 million) equity investment in Atmos Renewables—one of the country's most promising renewable energy developers. The deal, inked with Igneo Infrastructure Partners, underscores a pivotal moment in Australia's journey toward a sustainable energy future. But what does this investment mean for the industry, and how does it shape the country's energy transition roadmap? Let’s break it down.

Strengthening Australia’s Renewable Backbone
This landmark investment solidifies Cbus Super’s growing footprint in clean energy, adding to its A$2.1 billion commitment to renewable infrastructure. By partnering with AMP and MLC, the fund will gain greater exposure to a geographically diverse mix of wind, solar, and battery assets that power approximately 775,000 homes. Notably, this equity deal doesn't change Atmos’s leadership structure—Igneo Infrastructure Partners retains full control—ensuring operational continuity while bolstering capital to accelerate development.

The move directly aligns with Cbus Super’s dual mission: delivering sustainable long-term returns for its members and championing decarbonization. The trio’s combined support reflects a broader trend among Australian superannuation funds actively investing in infrastructure that promotes environmental resilience, job creation, and economic stability.

Funding Projects that Matter
Proceeds from the equity stake are earmarked for critical initiatives that will shape the nation's energy landscape. This includes the 100MW/400MWh Merredin Battery Energy Storage System in Western Australia—a project vital to ensuring grid reliability and leveraging the Federal Government’s Capacity Investment Scheme Agreement.

Another major use of the funds is the acquisition of the remaining interest in South Australia’s 316 MW Hornsdale Wind Farm, which operates under a lucrative 20-year power purchase agreement with the ACT Government. These projects are backed by a combined debt and equity package, enhancing liquidity to push Atmos’s 5 GW development pipeline closer to financial close.

Building a Long-Term, Sustainable Energy Ecosystem
Atmos Renewables is not just another developer—it’s a full-lifecycle asset owner with deep development capabilities and long-term revenue contracts with investment-grade partners. The company’s 1.5 GW operational and under-construction portfolio spans 18 assets, contributing to grid stability across major electricity markets.

As Australia targets net-zero emissions, partnerships like this underscore the role of private capital in fast-tracking progress. Super funds are not just investing—they're enabling real, measurable impact. For members of Cbus Super and beyond, this move means their retirement savings are now powering Australia’s energy transition in the most literal way.