POWERED BY MOMENTUM MEDIA
AMP Capital to launch renewable energy projects
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.
Recommended for you
While Donald Trump’s signal of progress on the US administration’s cryptocurrency reserve sparked a brief market rally, broader economic concerns and trade tensions led to an equally sharp reversal.
The ASIC chair has reiterated that while cryptocurrency is “highly speculative” and risky, it is not illegal.
The local private credit market, which has flourished in a higher-for-longer rate environment, is poised to continue its growth as interest rates ease, experts predict.
New data indicates that investor conviction in US exceptionalism has peaked, according to Bank of America.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
32.45 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
