Australian infrastructure investor Infrastructure Capital Group (ICG) agreed to buy a majority stake in a 200 MW portfolio of Aussie solar projects from domestic developer Providence Asset Group (PAG). ICG has made an initial commitment of $71.9 million to buy the Ginan Solar portfolio, including operational and under development projects. With the move, the company has secured the right to “significantly scale the investment further” to include co-located batteries and hydrogen.ICG, through its Australian Renewables Income Fund (ARIF), will take a majority interest in 16 operational solar sites in Victoria (total of 132 MW), with rights to develop a further 25 solar projects across New South Wales, totaling an additional 156 MW.