APG to Invest Over $650 Million in Octopus Australia

Octopus Australia, a renewable energy fund manager, on Tuesday announced a partnership with the Netherland’s APG Asset Management (APG), one of the world’s largest pension fund investors with assets under management exceeding $681.4 billion.

As part of the partnership, APG intends to commit over $650 million to Octopus Australia’s flagship renewable energy platform, OASIS. Completion of the proposed investment remains subject to the approval of the Foreign Investment Review Board and other relevant Australian regulatory authorities.

Representing one of the most significant institutional engagements in Australia’s clean energy transition to date, the partnership will help accelerate Octopus Australia’s growing platform and pipeline of utility-scale solar, wind, and battery storage projects.

Through the partnership, Octopus Australia will continue to build on its position as one of the country’s most active growing energy infrastructure managers, underpinned by the scale and commitment of a leading group of institutional and wholesale investors. APG joins existing investors in the Octopus Australia platform, including large Australian superannuation funds, Rest and Hostplus, international pension funds, the Australian Federal Government via the Clean Energy Finance Corporation, as well as private banks and wealth managers.

Transformational Moment

Octopus Australia CEO Sam Reynolds said that this partnership marks a transformational moment for businesses of both companies and the broader Australian energy landscape.

To be chosen as the local partner by a global investor of APG’s calibre is a powerful endorsement of Octopus Australia’s strategy and team and is a reflection of Australia’s position as a leading destination for long-term, sustainable infrastructure investment he said.

“Our teams are strongly aligned in purpose and ambition. Together, we will continue delivering projects that create long-term value for investors and communities, while playing a key role in decarbonising the nation,” Reynolds added.

Following a comprehensive review, APG chose to partner with Octopus Australia based on its integrated development model and ability to progress shared impact, climate, and long-term value creation goals.

Hans-Martin Aerts, Head of Infrastructure & Private Natural Capital across Asia Pacific at APG, said that their partnership with Octopus Australia represents a substantial opportunity to drive meaningful impact around critical climate priorities with best-in-class renewables projects that are strongly positioned to generate value for decades to come.

“We are looking forward to deepening our collaboration with Octopus Australia as we meet substantial demand for high-quality renewable energy infrastructure in key markets like Australia and support the wider energy transition needed across the world’s highest emissions regions,” Aerts added.

Octopus Australia harnesses capital and expertise to accelerate the energy transition, with an operating and development portfolio of over $11 billion across wind, solar and battery storage. It is more than just an investment manager, and takes a data and technology driven approach to constructing an energy portfolio designed for Australia’s clean energy future.

As the largest pension services provider in the Netherlands, APG manages approximately $680 billion as at June 2025 in pension assets for 4.6 million participants. It APG provides executive consultancy, asset management, pension administration and pension communication.