APG Asset Management is committing more than $644.5M (AUD$1B) to fund manager Octopus Australia’s flagship renewable energy platform, OASIS.
Octopus Australia has a roughly $7B (AUD 11B) operating and development portfolio across the wind, solar, and battery storage sectors, noted a press release. The partnership will enable Octopus Australia to continue to growing as an energy infrastructure manager. APG joins existing investors in the Octopus Australia platform, including large Australian superannuation funds, Rest and Hostplus, international pension funds, the Australian Federal Government via the Clean Energy Finance Corp., as well as private banks and wealth managers.
APG Asset Management is committing more than $644.5M (AUD$1B) to fund manager Octopus Australia’s flagship renewable energy platform, OASIS.
Octopus Australia has a roughly $7B (AUD 11B) operating and development portfolio across the wind, solar, and battery storage sectors, noted a press release. The partnership will enable Octopus Australia to continue to growing as an energy infrastructure manager. APG joins existing investors in the Octopus Australia platform, including large Australian superannuation funds, Rest and Hostplus, international pension funds, the Australian Federal Government via the Clean Energy Finance Corp., as well as private banks and wealth managers.
“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,” said Hans-Martin Aerts, APG’s head of infrastructure and private natural capital for Asia-Pacific, in the release.
“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.”
Completion of the proposed investment remains subject to the approval of the Foreign Investment Review Board and other relevant Australian regulatory authorities, said the release.
“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,” said Hans-Martin Aerts, APG’s head of infrastructure and private natural capital for Asia-Pacific, in the release.
“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.”
Completion of the proposed investment remains subject to the approval of the Foreign Investment Review Board and other relevant Australian regulatory authorities, said the release.
