AMP Capital plans first step into Japanese infrastructure market

By AMP Capital media team

AMP Capital is to be appointed as the adviser to GII, a Japanese company that invests in renewable energy assets across Japan. Mitsubishi UFJ Trust and Banking Corporation (MUTB), which formed a capital alliance with AMP Capital in 2011, is a silent partner in 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. Its first acquisition will be an operating, 2MW solar power generation facility located in Miyazaki prefecture.

AMP Capital will assist GII to acquire high quality assets as well as provide ongoing advice.

AMP Capital CEO International Anthony Fasso said: “AMP Capital has been investing in infrastructure globally for the past 25 years and we are delighted to extend our relationship with MUTB as an adviser on this exciting opportunity. 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.

“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.”

In the future, MUTB plans to offer Japanese institutional investors the opportunity to invest into these renewable assets through a fund vehicle. The target market will be local pension plans that are looking for investment opportunities providing stable cash flow and low correlation to traditional asset classes such as equities.

MUTB Executive Officer Osamu Hoshi said: “AMP Capital has a long history of investing in infrastructure and we are pleased to have them on this opportunity as advisers for GII. We look forward to working with AMP Capital as we look to bring it to market and expect to contribute to society as a stable funding provider in the renewable energy sector in the future.”

MUTB acquired a 15 per cent minority shareholding in AMP Capital in 2012. During the past two years, MUTB and AMP Capital have launched six retail funds and have worked closely to raise capital for AMP Capital’s Infrastructure Debt Fund II and Global Infrastructure Fund.

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Important notes

This article has been prepared to provide general information and does not constitute 'financial advice' for the purposes of the Financial Advisors Act 2008 (Act). An individual investor should, before making any investment decisions, consider the information available in the relevant Product Disclosure Statement and seek professional advice. While every care has been taken in the preparation of this document, AMP Capital Investors (New Zealand) Limited and the AMP Group (together, 'AMP') make no guarantee that the information supplied is accurate, complete or timely and do not make any warranties or representations in respect of results gained from its use. The information is not intended to infer that current or past returns are indicative of future returns. The views expressed are those of the author and do not necessarily reflect those of AMP. These views are subject to change depending on market conditions and other factors.

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