Apollo And Standard Chartered Partner For Clean Energy

Apollo And Standard Chartered Partner For Clean Energy

Apollo And Standard Chartered Partner For Clean Energy

Apollo Global Management and Standard Chartered PLC have entered a strategic partnership targeted at accelerating finance for infrastructure and clean energy initiatives on a worldwide scale. They will use this partnership to merge Apollo's Sustainable Investment Platform and ACT Capital as well as draw on Standard Chartered's strength in cross border banking. Firms under the contract will provide the firms with at least $3 billion in financings across those sectors, primary focus on financing infrastructure and energy projects.

A notable aspect of the collaboration is that Apollo's Apterra platform, which focuses on debt capital structuring for global infrastructure transactions, will be the primary originator of these debt transactions. Standard Chartered also has a minority equity stake in Apterra as a leading debt origination platform and a symbol of its commitment to developing and growing sustainable financing initiatives.

The partnership will be the next step further for Apollo with its robust credentials in the energy transition space, with investment commitments of more than $40 billion in the last five years. This collaboration is likely to strengthen Apollo's capabilities in an even more demanding marketplace of long-term capital necessities for next-generation infrastructure and clean energy. According to Jim Zelter, Co-President of Apollo Asset Management, the renaissance of the global industrial world has been capable of producing enormous capital demands. He said he was excited about the partnership with Standard Chartered, which will significantly accelerate their collective investment activity in these critical sectors.

The Group Chief Executive of Standard Chartered, Bill Winters, added that the strengths of both firms complement each other and that this partnership is an opportunity to bring together their respective expertise in financing sustainable growth. According to him, by aligning their capabilities, they will scale financing efforts and participate in larger, more impactful projects, thus driving global progress in clean energy and infrastructure.

Apollo's ACT Capital, which has been a key driver of its clean energy investments, will continue to play a central role in addressing the capital needs of the clean energy sector. The firm will invest across both credit and equity, further solidifying its commitment to energy transition projects. Samuel Feinstein, Partner and President of ACT Capital, said the partnership with Standard Chartered will accelerate Apollo's Clean Transition business and strengthen their Infrastructure Credit platform. This puts the firms in a position to continue to thrive and work together in the clean energy space.

Apterra, founded in 2023, has managed to close a whopping $4.8 billion in transactions already. The platform, led by Co-CEOs Ralph Cho and Michael Pantelogianis, is well set for further expansion with the help of Standard Chartered. It will likely strengthen Apterra's ability to execute bigger transactions, attracting more global investors who are interested in supporting the clean energy transition.

In conclusion, this strategic partnership between Apollo Global Management and Standard Chartered is set to significantly boost the financing of sustainable infrastructure and clean energy projects worldwide. The combination of Apollo’s expertise in sustainable investments and Standard Chartered’s global banking experience will provide a strong foundation for scaling up financing efforts. Together, the firms will work to meet the capital demands of next-generation infrastructure and clean power, driving forward the global transition to a more sustainable and resilient energy future.

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