Apollo, Standard Chartered Unveil $3B Clean Energy Partnership
Apollo and Standard Chartered PLC have announced a strategic partnership to accelerate financing for infrastructure, clean transition, and renewable energy globally. The partnership includes a planned contribution of up to $3 billion in clean energy and transition financing across various sectors.
The partnership comes just days after Apollo revealed its proposed acquisition of Argo Infrastructure Partners, which would bring around $6 billion in assets to Apollo’s infrastructure portfolio.
Under the agreement, Standard Chartered will acquire a minority stake for an undisclosed amount in Apterra, an Apollo-owned platform focused on infrastructure debt origination. Apterra, founded in 2023, has already executed more than $4.8 billion of transactions. Apollo’s Clean Transition Capital strategy has deployed over $40 billion into energy transition and climate-related investments over the past five years.
In addition, Standard Chartered will provide a senior secured credit facility to Apollo Clean Transition Capital (ACT Capital) for project finance and infrastructure loans
“The global industrial renaissance is creating unprecedented capital demands across next-gen infrastructure, sustainable power and other transition assets,” said Jim Zelter, Apollo Asset Management co-president. “This new agreement should accelerate our mutual financing and investment activity in these areas.”
London-based Standard Chartered, one of the leading cross-border banks, is a key infrastructure lender in Asia, Africa and the Middle East, with an expanding presence in renewables.
PJT Partners served as exclusive financial advisor to Standard Chartered.
