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Rest backs $300m solar farm and battery project

Financial Standard

|

April 22, 2025

Octopus Australia has announced the financial closing and the commencement of construction of its 80mw Fulham solar farm and 128 megawatt-hour (mwh) battery project, backed by key investors including Rest.

- Matthew Wai

This comes as the majority of Rest members are increasingly expecting the super fund to “invest responsibly and think about sustainability.”

The Fulham project was developed by Octopus in-house technology to develop the innovative hybrid solar and battery storage design, which will enhance local grid reliability while supporting Victoria's clean energy transition, Octopus Australia said.

It will be one of the first DC-coupled solar and battery hybrid assets in Australia and adds to Octopus' renewable portfolio exceeding $11 billion across wind, battery storage and solar assets on the east coast.

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