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Laxman Pai, Opalesque Asia: Swedish global investment organization EQT launched a new energy transition fund
to invest in infrastructure assets crucial to the clean energy transition.
According to a press statement from the buyout group, under EQT Infrastructure, the strategy will see investment directed towards companies operating in new energy transition infrastructure, such as electrification, electric vehicle charging, electric heat pumps, advanced recycling, and battery storage across North America, Europe and Asia Pacific.
It also said the fund's first acquisition would be German battery energy storage system developer and operator Ju:niz Energy from its founder, Dr. Franz Hauk.
EQT Transition Infrastructure will complement the Value-Add and Active Core strategies in EQT's existing EUR 72 billion global infrastructure business. Since its inception over 15 years ago, EQT Infrastructure has invested over EUR 17 billion, including co-investment, in energy transition-related opportunities across 25 platform deals.
The strategy will be led by Jan Vesely, Head of EQT Transition Infrastructure in New York, and Asis Echaniz, Head of EQT Transition Infrastructure Europe in Madrid, and supported by the 130-strong EQT Infrastructure investment team, said the release.
The strategy will be chaired by Francesco Starace, who joined EQT in 2023 from his position as CEO of Enel, one of the world's largest energy utility companies and a leader in th...................... To view our full article Click here
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