Dutch pension asset manager APG has partnered with Octopus Australia, announcing plans to invest over AUD 1bn to Octopus Australia’s flagship renewable energy platform, Oasis.

Thought to be one of the most significant institutional engagements in Australia’s clean energy transition to date, the partnership is intended to help accelerate Octopus Australia’s growing platform and pipeline of utility-scale solar, wind, and battery storage projects.

APG said that it chose to partner with Octopus Australia based on its integrated development model and ability to progress shared impact, climate, and long-term value creation goals. This decision was made following a comprehensive review.

The asset manager is set to join several existing investors in the Octopus Australia platform, including large Australian superannuation funds, Rest and Hostplus, international pension funds, the Australian Federal Government via the Clean Energy Finance Corporation, and private banks and wealth managers.

However, completion of the proposed investment remains subject to the approval of the Foreign Investment Review Board and other relevant Australian regulatory authorities.

Octopus Australia CEO, Sam Reynolds, highlighted the partnership as a “transformational moment” for both the 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,” Reynolds continued.

“Our teams are strongly aligned in purpose and ambition. Together, we will continue delivering projects that create long-term value for investors and communities, while playing a key role in decarbonising the nation.”

Adding to this, APG head of infrastructure and private natural capital across Asia Pacific, Hans-Martin Aerts, 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 with Octopus Australia 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.”

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