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AMP Capital to launch renewable energy projects
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.
AUTHOR
Hope William-Smith
Hope is a journalist with Super Review. She has previously worked across a range of business and lifestyle titles. Hope has a degree in International Relations and joined the Super Review team after completing a Masters in Law, Media and Journalism.
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