AMP Capital to advise Japanese investor

AMP Capital to advise Japanese investor

AMP Capital is to be appointed as the adviser to Japanese renewable energy asset investor GII.


In a statement issued yesterday, AMP Capital said it will assist GII and it “silent partner” Mitsubishi UFJ Trust and Banking Corporation (MUTB) – which formed a capital alliance with AMP Capital in 2011 – to acquire “high quality assets” and provide ongoing advice to the company.

“GII will invest in renewable energy infrastructure such as solar photovoltaic generation facilities across Japan, taking advantage of the growing demand for clean energy,” a statement from AMP Capital said.

“Its first acquisition will be an operating, 2MW solar power generation facility located in Miyazaki prefecture,” it said.

AMP Capital international chief executive Anthony Fasso said the company has been investing in infrastructure globally for the past 25 years and is “delighted” to extend its relationship with MUTB.

“We have expertise across a range of sectors from transport, such as airports, to power/utilities and already have a number of renewable energy assets in our infrastructure equity and debt portfolios worldwide,” Mr Fasso said.

“There has been a lot of focus on expanding the renewable energy sector as part of a shift in Japan towards such clean energy, and there is a growing need for funding for both brownfield and greenfield renewable energy projects.”

“Providing long-term, stable funding into this area in order to support such change also has a significant community benefit,” he said.

MUTB acquired a 15 per cent minority shareholding in AMP Capital for $425 million in 2012.

Since then together they have launched six retail funds and worked to raise capital for AMP Capital’s Infrastructure Debt Fund II and Global Infrastructure Fund.

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