Asper is pleased to announce the final close of its Dutch Energy Transition co-investment platform, having reached its hard-cap of €250m commitments from institutional investors.

The investment vehicle, called Dorothea, was established to support investments in Energie voor Elkaar (“EVE”), a greenfield platform dedicated to developing and building sustainable municipal energy networks in the Netherlands.

Dorothea is managed by Asper and supported by leading institutional investors through a co-investment partnership – an innovative structure designed by Asper to facilitate institutional investments in large-scale, greenfield development strategies.  All co-investors are highly sophisticated institutions, and include the European Investment Bank, Dutch pension fund ABP (through its Energy Transition Fund ANET) and Mubadala, the Abu-Dhabi Sovereign Wealth Fund.

EVE, led by its founder Valentijn Kleijnen, has already made significant investments in several sustainable energy networks in the country, and is expanding these through the addition of new customers as well as developing entirely new networks.  With strong momentum supporting decarbonization of its energy sector, the Netherlands is one of the most active markets in the development of sustainable heating and municipal energy efficiency.

Supporting successful developers to build their project pipelines creating large-scale platforms is at the core of Asper’s approach, which combines infrastructure project financing with aspects of growth equity investing.  Prior to EVE, Asper built four other successful platforms for energy transition infrastructure investments in Europe totalling equity investments above €700m.

 

For more information:

https://www.eib.org/en/press/all/2020-269-eu-support-for-dutch-district-heating-projects

https://apg.nl/en/publication/apg-invests-in-start-ups-and-smart-heating-grids-on-behalf-of-abp-for-energy-transition/

https://www.mubadala.com/en/news/mubadala-invest-aspers-aed-21-billion