Apex Group has announced its appointment by Octopus Investments Australia to provide services to its fund structures focused on renewable energy investment.
Apex will provide Octopus Australia with fund administration, investor onboarding, share registry and tax services for new fund structures dedicated to investing in renewable energy in Australia
Octopus Group is one of the largest owners of renewable energy projects in Australia and Europe, with some 260 assets on behalf of wholesale and institutional investors. Octopus Australia is responsible for managing over AUD$1 billion 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 333MW facility at Darlington Point – enough to power 115,000 homes - and Octopus recently partnered with the $10bn Clean Energy Finance Corp, to invest in renewables in Gippsland.
Pictured: Octopus holds Australia's largest solar farm in its portfolio.
Andrea Gallenca, Head of Private Market Sales – Australia at Apex Group, said: “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.”
Campbell Ross, Head of Finance and Operations - Octopus Australia, added: “We believe there is a huge opportunity to unlock investment in renewables by building a bespoke portfolio of renewables assets to create better outcomes for our investors.
“Apex has demonstrated exceptional quality of service, underpinned by flexible and adaptable technology systems and platforms, which crucially, can meet our fund administration needs as they evolve as we continue to grow our portfolio. We look forward to working closely with the knowledgeable Apex team in Australia.”
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