Source: Apex Group

Apex Group wins Octopus Investments Australia mandate

Australia: Apex Group Ltd., a financial services provider, has been appointed by Octopus Investments Australia for services focused on renewables investment.

Octopus Group is one of the largest owners of renewable energy projects in Australia and Europe, owning some 260 assets on behalf of wholesale and institutional investors. Octopus Australia is responsible for managing over USD 690 M (AUD$1 B) of construction and operational assets.

Octopus Australia is building a portfolio of renewable energy assets that will help Australia lower its carbon emissions and meet its renewable energy targets while delivering sustainable, long-term returns for investors.

Since launch, Octopus Australia has already seen sizable growth of their team, portfolio and the launch of innovative partnerships. Within the Octopus portfolio is Australia’s largest solar plant, the 333 MW facility in Darlington Point, NSW – enough to power 115,000 homes and Octopus recently partnered with the $10 B Clean Energy Finance Corp, to invest in renewables in Gippsland.

This announcement follows a series of high profile strategic acquisitions for Apex in Australia and New Zealand, including Mainstream Group, MMC and IFAA, and strong organic growth momentum including appointments by Australian growth investor Perennial Partners and nature-based real assets investment manager New Forests.

“As a carbon neutral business that has offset a lifetime of carbon emissions, Apex is the perfect fit to be supporting Octopus Australia as they invest in renewables. Our robust and scalable technologies and fund administration services will allow the Octopus Australia team to focus on facilitating the deployment of capital towards projects which benefit not only their investors, but our planet, now and in the future,” comments Andrea Gallenca, Head of Private Market Sales – Australia at Apex Group.

 

Source: Apex Group