Dutch pensions asset manager APG Asset Management intends to commit over A$1bn (€562.8m) to Octopus Australia’s flagship renewable energy platform.
APG’s commitment to the Octopus Australia Sustainable Investment (OASIS) platform is expected to boost Octopus Australia’s development and portfolio of utility-scale solar, wind and battery storage projects.
APG has joined the existing investors in the OASIS platform, a group that includes Australian superannuation funds such as Rest and Hostplus, international pension funds, the Australian Federal Government through the Clean Energy Finance Corporation, and various private banks and wealth managers.
Hans-Martin Aerts, head of infrastructure and private natural capital across Asia Pacific at APG, said: ”Our partnership with Octopus Australia represents a substantial opportunity to drive meaningful impact around critical climate priorities with best-in-class renewables projects that are strongly positioned to generate value for decades to come.
“We are looking forward to deepening our collaboration with Octopus Australia as we meet substantial demand for high-quality renewable energy infrastructure in key markets like Australia and support the wider energy transition needed across the world’s highest emissions regions.”
Sam Reynolds, CEO of Octopus Australia, said: “This partnership marks a transformational moment for both our business and the broader Australian energy landscape.
“To be chosen as the local partner by a global investor of APG’s calibre is a powerful endorsement of our strategy and team and is a reflection of Australia’s position as a leading destination for long-term, sustainable infrastructure investment.”
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