OMERS makes first investment in European renewable energy
OMERS Infrastructure continues to invest in energy transition opportunities and diversify our portfolio around the globe. Recently, OMERS Infrastructure and APG jointly acquired Groendus, a rooftop solar, metering and energy services platform based in the Netherlands. This is our first investment in the country and we are working alongside APG, who is investing on behalf of ABP, the largest pension provider in the Netherlands.
Groendus develops, builds and operates energy assets, and provides a wide portfolio of ancillary services, including proprietary technology solutions, for over 4,000 companies, municipalities and institutions. To date, it has installed more than 170 megawatt peak (MWp) of solar capacity. It currently has over 300 solar projects under its belt and is looking to expand its energy transition offerings with solutions to help its customers decarbonize, such as EV charging and battery storage. Founded in 2021 after the merger of five leading renewable energy companies, Groendus aims to provide 100% clean energy to every organization in the Netherlands.
“In Groendus, we see an excellent opportunity for OMERS to invest into an energy transition growth platform with a clear mission to enable its commercial, industrial and public customers to decarbonize while also improving community air quality and creating rewarding job opportunities,” says Alastair Hall, Senior Managing Director and Head of Europe, OMERS Infrastructure.
Acquiring Groendus marks the fifth global investment OMERS has made in renewable energy, joining investments made in Azure Power (India), FRV Australia, Leeward Renewable Energy (USA) and Navisun (USA). This aligns with our vision to support transformative infrastructure worldwide while making sustainable investments for the long-term benefit of our members.