AMP Capital has finished closing a €245 million mezzanine deal with Paris-based renewable energy provider Neoen, with environmental, social and governance (ESG) due diligence validating it as a Green Bond.
Neoen is the third largest overall energy provider in France and operates in Australia, Argentina and Mexico.
AMP Capital Infrastructure Debt partner, Simon La Greca said there was a drive for decarbonisation in developed markets and that exposure to rapidly-growing renewable energies in Australia would be of benefit and interest to the market.
“Neoen has a high-quality portfolio of Australian renewable assets with long term Power Purchase Agreements in place with strong creditworthy counterparts,” he said.
“The eight Australian assets are geographically spread across New South Wales and South Australia and are a mix between wind and solar technologies.
AMP Capital said its Infrastructure Debt team had invested around US$3.8 billion in 62 infrastructure debt assets since 2001.
The $75 billion fund has gained exposure to decarbonisation solutions in its first listed equities impact investment.
The superannuation fund is expanding its investment exposure to industrial property through a $1 billion partnership with Barings, a global investment manager.
AustralianSuper has usurped the Future Fund as the biggest Australian asset owner, jumping from 43rd to 36th place globally, according to an annual study by the Thinking Ahead Institute.
IFM Investors, the global institutional asset manager owned by superannuation funds, has signed a memorandum of understanding with the UK government to invest £10 billion by 2027.
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