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.
Investors have slashed their US equity allocations to the lowest level on record, according to new data from Bank of America.
The message from experts in international trade and economists is that the Australian government should refrain from retaliating with reciprocal tariffs.
The market correction forecast by AMP’s chief economist is in full swing, with three weeks of turbulence culminating in significant losses on Tuesday.
Following a strong risk appetite in January, institutional investors have pulled back in February, with risk-seeking activity dropping to zero amid a decline in equity allocations.