Rest invests in Australian renewable energy fund

Rest, one of Australia’s largest profit-to-member superannuation funds, today announced a new investment in the Octopus Australia Sustainable Investments Fund (OASIS).

OASIS provides local and international institutional investors with exposure to Australia’s renewable energy transition. The fund invests in assets across wind, solar and storage from development through to construction and operations.

Andrew Lill, Rest Chief Investment Officer said: “Rest is excited to invest in this renewable energy fund and continue to be part of the transition to net zero on behalf of our more than 1.9 million members.

“Rest represents more than a million members aged 30 or younger, who will retire after the year 2050. We have strong conviction that responsible investing adds value.

“OASIS is expected to enhance our members’ long-term financial interests and help shape Australia’s energy transition through a pipeline of solar, wind and storage infrastructure projects.

“This investment will also contribute to Rest’s objective to achieve a net zero carbon footprint for the fund by 2050, and is a welcome continuation of our plan to increase our allocation to climate-related solutions.

“As a long-term supporter of Australian infrastructure assets, particularly in the renewable energy sector, I’m pleased our members will benefit from additional investments in this area.”