Trillion-dollar Dutch pension fund APG Asset Management has defied the recent trend of international investors exiting Australia’s clean energy sector, committing more than $1 billion to expand the renewables platform of developer Octopus Australia.
APG’s move is one of the most significant institutional investments to date in Australia’s clean energy transition, which needs to accelerate if it is to meet the federal government’s target of 82 per cent of power generation from renewables by 2030.
