Octopus Australia, a renewable energy fund manager, has announced a major collaboration with Dutch pension asset manager APG Asset Management (APG). This partnership involves APG committing over A$1 billion (US$640 million) to Octopus Australia’s flagship renewable energy platform, OASIS. The deal is expected to accelerate the growth of Octopus Australia’s platform, which includes a pipeline of utility-scale solar, wind, and battery storage projects. This represents one of the most substantial institutional commitments to Australia’s clean energy transition.
APG selected Octopus Australia after a comprehensive review process, appreciating its integrated development model and alignment with impact, climate, and long-term value creation goals. Hans-Martin Aerts, Head of Infrastructure and Private Natural Capital for Asia Pacific at APG, expressed that the partnership offers a substantial opportunity to impact critical climate priorities positively. The projects are well-positioned to generate long-term value and support the energy transition in high-emission regions, including Australia.
OASIS is supported by a diverse group of institutional and wholesale investors, such as Australian superannuation funds Rest and Hostplus, international pension funds, the Australian Federal Government via the Clean Energy Finance Corporation, alongside private banks and wealth managers.
Sam Reynolds, CEO of Octopus Australia, described the partnership as transformative for both the company and the broader Australian energy landscape. He noted that being selected as a local partner by a global investor of APG’s calibre endorses their strategy and highlights Australia’s appeal as a destination for sustainable infrastructure investment. Octopus Australia boasts an operating and development portfolio worth over A$11 billion in wind, solar, and battery storage projects.
