The federal government’s Clean Energy Finance Corporation has joined with corporate advisory firm Ironstone Capital in a joint venture to target clean energy investments, with the first project, a wind power venture in Victoria, expected to be finalised this year.

The CEFC has committed up to $100 million for potential investments in the projects identified by the venture, named Warada Capital, in which it will hold 50 per cent. It will focus on early stage greenfield projects as well as operating assets offering the potential to improve returns and sustainability through technology.