Renewable energy fund manager Octopus Australia announced a significant new partnership with Dutch pension asset manager APG Asset Management (APG), in which the pension fund investor will commit over A$1 billion (US$640 million) to Octopus Australia’s flagship renewable energy platform OASIS.
The deal will accelerate the growth of Octopus Australia’s platform and its pipeline of utility-scale solar, wind, and battery storage projects – representing one of the most substantial institutional engagements in Australia’s clean energy transition thus far.
APG said that it selected Octopus Australia following a detailed review process, citing the company’s integrated development model and its alignment with impact, climate, and long-term value creation goals.
Hans-Martin Aerts, Head of Infrastructure and Private Natural Capital across Asia Pacific at APG, said:
“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. We are looking forward to deepening our collaboration 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.”
OASIS is already backed by a broad group of institutional and wholesale investors, including Australian superannuation funds Rest and Hostplus, international pension funds, the Australian Federal Government through the Clean Energy Finance Corporation, as well as private banks and wealth managers.
Sam Reynolds, CEO of Octopus Australia, said:
“This partnership marks a transformational moment for both our business and the broader Australian energy landscape.To be chosen as the local partner by a global investor of APG’s calibre is a powerful endorsement of our strategy and team and is a reflection of Australia’s position as a leading destination for long-term, sustainable infrastructure investment.”
Octopus Australia has an operating and development portfolio valued at over A$11 billion across wind, solar, and battery storage.
