EDF Group and Amundi have announced the creation of a joint asset management company aimed at facilitating the transition towards renewable energy.
The company aims to raise funds from institutional and retail investors and to manage on behalf of third parties funds intended to finance projects relating to energy transition.
EDF and Amundi intend two theme-based specific investment products. The first will be dedicated to renewable energy such as wind power, photovoltaic and small hydro. The second will focus on energy saving strategies for the B2B sector, including electro intensive industries.
Thomas Piquemal, EDF Group’s senior executive vice president in charge of Finance, 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.”