APG will enter into a partnership with renewable energy fund manager Octopus Australia. As part of the partnership, APG intends to commit over EUR 560 million (AUD 1 billion) to Octopus Australia’s flagship renewable energy platform, OASIS.
Octopus Australia has an operating and development portfolio of EUR 6.2 billion (AUD 11 billion) across wind, solar and battery storage. Following a comprehensive review, APG chose to partner with Octopus Australia based on its integrated development model and ability to progress shared impact, climate, and long-term value creation goals.
"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, Head of Infrastructure and Private Natural Capital for Asia-Pacific at APG. "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.”
Through the partnership, Octopus Australia will continue to build on its position as one of the country’s most active growing energy infrastructure managers, underpinned by the scale and commitment of a leading group of institutional and wholesale investors. 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 Corporation, as well as private banks and wealth managers.