Apollo Global Management and Standard Chartered PLC have partnered to accelerate financing for clean energy and sustainable infrastructure projects worldwide. The partnership aims to deploy $3 billion across key regions, focusing on renewable energy and climate-resilient infrastructure.
The partnership will channel financing efforts through Apterra, an Apollo-owned platform specialising in global infrastructure transactions. Established in 2023, Apterra has already facilitated over $4.8 billion in deals and is poised for further growth with Standard Chartered’s equity investment.
The collaboration prioritises regions like Asia, Africa, and the Middle East, where demand for renewable energy and sustainable infrastructure is high. By pooling their expertise, the two firms aim to support large-scale projects that align with global decarbonisation goals.
By deploying significant funding, Apollo and Standard Chartered aim to address growing capital demands for sustainable projects while fostering economic resilience in key regions.
Jim Zelter, Apollo Asset Management Co-President said, “This new agreement should accelerate our mutual financing and investment activity in these areas, and we are thrilled to do it in partnership with Standard Chartered, an important and long-time banking partner to Apollo’s franchise.”
Standard Chartered will provide a senior secured credit facility to ACT Capital, aimed at supporting project financing and infrastructure loans. The financial details of Standard Chartered’s acquisition of a minority equity stake in Apterra remain undisclosed. PJT Partners served as Standard Chartered’s exclusive financial advisor for the transaction.
Henrik Raber, Global Head, Global Banking at Standard Chartered said, “With the global growth in infrastructure financing, and our strong presence in the sector, we are delighted to partner with ACT Capital, participate in Apterra and collaborate with the Apollo team.”
