business
Rest Super Invests $250 Million in Solar and Battery Group MPower
Rest Super will invest $250 million in solar and battery group MPower, following an earlier $100 million from Wollemi Capital.
Key points
- Rest Super will invest $250 million in MPower, a mid-scale solar and battery storage group.
- The investment follows an initial $100 million committed in September last year by Wollemi Capital.
- Wollemi Capital is a Sydney-based, climate-focused investment firm that counts Rest Super as its first major pension fund backer.
Why it matters. The investment targets transition projects that can sidestep the transmission logjam holding up several larger renewables ventures.
Industry superannuation giant Rest Super will pump $250 million into mid-scale solar and battery group MPower, seeking transition projects that can sidestep a transmission logjam. The fresh funds follow an initial $100 million committed in September last year by Sydney-based Wollemi Capital, a climate-focused investment firm. Wollemi counts Rest Super as its first major pension fund backer, and MPower was previously ASX-listed.
Latest updates
Rest Super Invests $250 Million in Solar and Battery Group MPower
Industry super fund Rest Super will invest $250 million in MPower, a mid-scale solar and battery storage group. The fresh funding follows an initial $100 million committed earlier. Rest, which manages about $115 billion, says it is seeking transition projects that can sidestep the transmission logjam delaying several larger renewable ventures. The deal was reported by the Australian Financial Review on November 2, 2026. It shows institutional capital flowing directly into the energy transition.