Cbus Super’s new renewable investment aims to deliver sustainable returns for members and help power Australia’s energy transition
12 August 2025
MEDIA RELEASE
Cbus Super will take an equity stake in Atmos Renewables (Atmos), one of Australia’s leading renewable energy generators as we deliver sustainable returns for members while supporting Australia’s energy transition.
This partnership with existing Cbus investment manager Igneo Infrastructure Partners gives our members greater exposure to a diverse range of renewable energy assets and will support key new developments.
Atmos has 18 renewable assets in operation and under construction, with a combined capacity of 1.5GW – enough to power about 775,000 homes or a city larger than Adelaide. Its projects span the National Electricity Market (NEM) and Wholesale Electricity Market (WEM), with projects in Queensland, New South Wales, Victoria, Tasmania, South Australia, and Western Australia.
Igneo Infrastructure Partners will maintain decision making control of Atmos, which it established in 2020 to invest in renewable projects at different lifecycle stages.
Cbus’ direct investment – along with capital from other investors – supports two landmark renewable energy developments:
- The 100MW/400MWh Merredin Battery Energy Storage System (MBESS) in Western Australia, Atmos’ first greenfield development and battery project to reach financial close. This $220 million project is expected to create 70 jobs during construction. It will enhance regional grid stability and energy security, with operations expected to begin by mid-2027.
- The full acquisition of the 316MW Hornsdale Wind Farm in South Australia, increasing Atmos’ stake from 23.4% to 100%, further strengthening its contracted income base.
Cbus Chief Investment Officer Leigh Gavin said the Fund was excited to partner with Igneo in Atmos – who is an Australian leader in renewable energy generation.
“Atmos’ geographic diversity, long-term contracts and potential development pipeline make it a highly attractive investment,” Mr Gavin said.
“First and foremost, we believe this investment will stack up on returns, but also has the additional benefit of supporting a sustainable energy future for Australians.”
“Atmos’ leadership in wind, solar, and now energy storage, under Igneo's management, makes them ideal partners as we continue our commitment to renewable energy and support for Australia’s energy transition.”
“As well as providing long-term investment returns, the investment supports Australia’s renewable energy industry, a sector that employs many Cbus members. And importantly our portfolio gains more exposure to Australia’s energy transition via a diverse range of renewable energy assets.”
Cbus has over $2.1 billion invested in renewables and enabling infrastructure reinforcing its commitment to the energy transition*.
Media enquiries: media@cbussuper.com.au or +61 3 9100 4930
Image: Artist impression of the 100MW/400MWh Merredin Battery Energy Storage System (MBESS) in Western Australia.
* As at 31 March 2025, and within our infrastructure portfolio.
This information is about Cbus Super. It doesn’t account for your specific needs. Please consider your financial position, objectives and requirements before making financial decisions. Read the relevant Product Disclosure Statement (PDS) and Target Market Determination to decide if Cbus Super is right for you. Call 1300 361 784 or visit cbussuper.com.au. Past performance is not a reliable indicator of future performance.
Cbus is the leading Industry Super Fund representing those that help build, maintain and shape Australia. As one of Australia’s largest super funds, we provide superannuation and income stream accounts to more than 900,000 members and we manage more than $105 billion of our members’ money (as at 30 June 2025). As of April 2022, Cbus merged with Media Super and offers Media Super products. In May 2023 Cbus Super successfully completed its merger with EISS Super, welcoming 17,000 new members and establishing itself as the leading fund for energy and electrical workers in Australia.
Issued 12 August 2025, United Super Pty Ltd ABN 46 006 261 623 AFSL 233792 as Trustee for Construction and Building Unions Superannuation Fund (Cbus and/or Cbus Super) ABN 75 493 363 262.