EDF and Amundi partner to invest in energy
EDF Group and Amundi have partnered up to create a joint asset management company which will finance energy-related projects.
EDF will contribute to this project its priviledged access to investment opportunities within the energy sector. The group will be a driving force behind investment for project development, implementation and operation.
EDF will contribute to this project its priviledged access to investment opportunities within the energy sector. The group will be a driving force behind investment for project development, implementation and operation.
“This partnership with EDF is part of Amundi’s strategy to design innovating investment solutions for its clients whilst addressing investment challenges faced by corporates,†said Yves Perrier, Amundi’s CEO.
Amundi will provide its investment business skills and its fund-raising capabilities.
The partnership set up between the two firms in their relevant scopes of expertise will benefit from the wide range of activities developed by EDF with respect to energy transition, while targeting the critical mass required for streamlined investment solutions.
The partnership set up between the two firms in their relevant scopes of expertise will benefit from the wide range of activities developed by EDF with respect to energy transition, while targeting the critical mass required for streamlined investment solutions.
EDF and Amundi intend to offer the market two theme-based specific investment products. The first will be dedicated to renewable energy such as wind power, photovoltaic and small hydro. The second will focus on energy saving strategies for business to business, including electro intensive industries. EDF and Amundi have set the fund-raising goal at €1.5bn ($1.9bn).
The partnership seeks to develop a new alternative asset class, decorrelated from the volatility of traditional investment markets, in order in particular to draw long term investments for the benefit of the real economy.
The partnership seeks to develop a new alternative asset class, decorrelated from the volatility of traditional investment markets, in order in particular to draw long term investments for the benefit of the real economy.
“After our inaugural Green Bond issuance in November 2013, a reference in the developing green bond market, this partnership with Amundi demonstrates once again EDF’s ability to innovate for the benefit of energy transition financing,†said Thomas Piquemal, EDF Group’s Senior Executive Vice President in charge of Finance, said.
The joint asset management company between EDF and Amundi will also create in parallel an investment fund based on high-yield real estate. This approach could be extended eventually to non-energy related infrastructures.
The joint asset management company between EDF and Amundi will also create in parallel an investment fund based on high-yield real estate. This approach could be extended eventually to non-energy related infrastructures.
Found this useful?
Take a complimentary trial of the FOW Marketing Intelligence Platform – the comprehensive source of news and analysis across the buy- and sell- side.
Gain access to:
- A single source of in-depth news, insight and analysis across Asset Management, Securities Finance, Custody, Fund Services and Derivatives
- Our interactive database, optimized to enable you to summarise data and build graphs outlining market activity
- Exclusive whitepapers, supplements and industry analysis curated and published by Futures & Options World
- Breaking news, daily and weekly alerts on the markets most relevant to you
