Apollo Seeing Green in Paris Climate Plan for Energy Transition Investments
Posted on 02/25/2022
All the major private equity giants are embracing limited partner interest in funding energy transition projects whether in debt or equity structures. Joining its peers such as KKR, Brookfield Asset Management, and Blackstone, Apollo Management (NYSE: APO) revealed the formation of a sustainable investing platform focused on financing and investing in the energy transition and decarbonization of industry. Across asset classes, Apollo targets deploying US$ 50 billion in clean energy and climate capital over the next five years and sees the opportunity to deploy more than US$ 100 billion by 2030.
Apollo’s sustainable investing platform will leverage the firm’s deep expertise in the key sectors driving today’s energy transition and decarbonization. Over the past five years, Apollo has deployed over $19 billion into energy transition and sustainability-related investments, supporting companies and projects across clean energy and infrastructure, including offshore and onshore wind, solar, storage, renewable fuels, electric vehicles as well as a wide range of technologies to facilitate decarbonization. Apollo has also played an active role in helping to finance the transformation of traditional energy companies toward their decarbonization goals.
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Apollo’s sustainable investing platform will span the firm’s equity, hybrid, and yield businesses and will be led by Olivia Wassenaar, who has been named Head of Sustainable Investing. As part of these efforts, Joseph Moroney will head the Sustainable Finance function, focused on the firm’s yield businesses, alongside Deputy Heads of Sustainable Finance, Christine Bave and Dan Vogel.
Keywords: Apollo Management, LP (Apollo Management).
