APG Asset Management (APG), one of the world’s largest pension funds, intends to commit over $650m to Octopus Australia’s flagship renewable energy platform, OASIS.

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

“This partnership marks a transformational moment for both our business and the broader Australian energy landscape,” said Sam Reynolds, CEO of Octopus Australia. “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.”

APG joins 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, as well as private banks and wealth managers.

---