Under the partnership, the two firms will jointly launch a new asset management company to raise funds from institutional and retail investors as well as to manage them on behalf of third party funds to finance projects relating to energy transition.
EDF will help drive investments for project development, implementation and operation whereas Amundi will provide its investment structuration skills and fund-raising capabilities.
Amundi CEO Yves Perrier said: "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."
EDF Group senior executive vice president for finance Thomas Piquemal said: "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."
Additionally, the team intends to provide the market ad hoc fund families based on renewable energy production such as wind power, photovoltaics, small hydropower installations, and others as well as B-to-B energy savings mainly energy-intensive industries.
