GreenPoint Partners (“GreenPoint” or the “firm”), an alternatives firm investing at the intersection of real assets, technology and sustainability, announces the establishment of Wyuna Regenerative Agriculture (“Wyuna”), an Australian regenerative farming platform targeting an aggregation of 500,000 acres of Australian grazing assets.
GreenPoint has established Wyuna in conjunction with Wyuna‘s co-founder and CEO Steve Green, to invest in agricultural properties in Australia and run direct nature-based carbon removal projects supported by sustainable grazing activities and seeking opportunities to improve biodiversity. The Wyuna platform is seeking to expand its existing 100,000-acre portfolio to 500,000 acres and implement regenerative agriculture practices across the portfolio. These measures include “responsive” and sustainable grazing practices, technology deployment and improved land management practices, to encourage regeneration of the natural ecosystem. Further, Wyuna is driving additional biodiversity co-benefits via land management practices that promote wildlife and habitat conservation and the protection of native flora and fauna.
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Wyuna has closed its first managed investment vehicle working with Australia’s Clean Energy Finance Corporation (“CEFC”) and Goodman Group (“Goodman”). Furthermore, real estate owner/operators within GreenPoint’s network will be able to access the platform’s credits to offset operational carbon and embedded carbon, particularly for activities that are more difficult to decarbonize such as construction.
The investment vehicle is targeting $100 million+ of total equity, with anchor commitments from the CEFC and Goodman of $30 million each, alongside Wyuna and GreenPoint affiliates. “The Wyuna platform is an important demonstration of GreenPoint’s focus on creating decarbonisation solutions via our underlying assets and the businesses in which we invest,” commented GreenPoint CEO Chris Green. “We are delighted to work with the CEFC to leverage their extensive relationships and experience to maximize sustainability outcomes across all aspects of our operations,” he added. GreenPoint anticipates further investments via its Climate Infrastructure Platform in assets that can support energy transition across buildings and transportation along with large scale carbon removal projects.
Wyuna co-founder and CEO Steve Green brings over two decades of leadership experience across roles in agriculture, sustainability, consulting and government. Mr. Green commented, “Wyuna represents an incredible opportunity to support land regeneration, sustainable food production, and land-based solutions to remove carbon from the atmosphere by bringing together a dedicated team of farmers, investors and sustainability experts.”