Inpex Corp.’s renewable energy joint venture has reached an agreement to purchase a 4-gigawatt portfolio in Australia from CVC DIF 2 and Cbus Super for an undisclosed purchase price, Tokyo-based Inpex said Feb. 6.

Inpex’s joint venture, Potentia Energy Group Pty Ltd., will add wind, solar and battery energy storage system assets that are operational or in the late-stage development phase across four states and territories, the company said.

The acquisition enables Potentia Energy to add more geographically and technologically diverse assets to its existing portfolio, Inpex said.

The acquisition of a portfolio of renewable energy assets is expected to contribute to the energy transition in Australia, which is one of Inpex’s core business areas, and helps achieve the country’s net zero targets, Inpex said.

CVC DIF (formerly DIF Capital Partners) is a leading global mid-market infrastructure equity fund manager and forms the infrastructure strategy of leading global private markets manager CVC.

Cbus Super is an industry fund that predominantly caters to workers in the construction industry.

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