APG, on behalf of pension fund ABP, and OMERS, one of Canada’s largest pension plans, have completed a €662 million refinancing of Kenter-Groendus, their jointly owned Dutch energy infrastructure platform. The refinancing establishes a common financing platform to support the company’s growth ambitions. The transaction attracted strong demand from banks and institutional lenders and was twice oversubscribed.
Kenter-Groendus provides energy infrastructure and solutions to commercial and industrial customers, including medium-voltage infrastructure, metering, solar PV, battery storage, EV charging and energy management solutions. Formed through the combination of Kenter and Groendus, the company supports the electrification of the Dutch economy and the growing demand for integrated energy solutions.
Arjan Reinders, Head of Infrastructure Europe at APG, said: “The Netherlands' energy transition requires significant investment in enabling infrastructure, and Kenter-Groendus plays an increasingly important role in supporting that transformation. This refinancing strengthens the company's financial foundation and provides the flexibility to continue investing in solutions that help customers electrify. The successful outcome reflects the strength of the business and the confidence of lenders in its long-term contribution to the Dutch energy system. We thank the Kenter-Groendus team and our financing partners for their dedication and collaboration throughout the process.”