AMP Capital’s increases exposure to renewable energy



AMP Capital’s infrastructure debt team has expanded its mezzanine debt investment with Alterra Power Corp., a global renewable energy company.
Under the deal, an additional tranche of US$21.1 million was added to the existing facility the company held with AMP Capital.
Alterra, which is headquartered in Canada, manages eight power plants totalling 825 MW of hydro, wind, geothermal and solar generation capacity in Canada, the US and Iceland.
The proceeds would be used to help fund the firm’s equity contribution to the Flat Top Wind project, which is a 200 MW wind project in central Texas.
AMP Capital US infrastructure debt director, Spencer Ivey, said: “We are pleased to have strengthened our relationship with Alterra with this investment.
“Our investors will benefit from increased exposure to a core infrastructure asset that has high barriers to entry, long-term contracted revenue streams, geographic and technology diversity, and an experienced management team with a proven track record.”
AMP Capital’s infrastructure debt team, that included 13 investment professionals, has invested more than US$3 billion in 58 infrastructure debt assets since 2001.
Recommended for you
Retailisation of private markets such as evergreen funds may seem like appealing options for wholesale and retail investors, but providers risk undermining trust if their products are unclear.
Ethical investment manager Australian Ethical has seen its funds under management rise by a third over FY25 to close out the year at $13.9 billion.
BlackRock Australia’s head of intermediary distribution James Waterworth has taken up a new distribution role at an alternative asset manager, while Antipodes has hired a distribution director.
BlackRock’s iShares ETFs have reported a record first half for inflows, gaining US$192 billion in the past six months, to see overall ETF assets under management rise to US$4.7 trillion as it launches its first active ETF in Australia.