Apollo and Standard Chartered PLC have established a long-term strategic alliance to expedite global financing for renewable energy, sustainable transition, and infrastructure. Through this agreement, Standard Chartered’s worldwide distribution capabilities are combined with Apollo’s origination capabilities.The two companies are focused on addressing the increasing demand for sustainable energy solutions and infrastructure projects across the globe.
The partnership between Apollo and Standard Chartered will primarily focus on clean energy and transition financing. Both companies are likely to commit a total of up to $3 billion across asset classes and sectors.
Apterra’s Role in Financing Activities
Apterra, an Apollo-owned platform, will primarily handle the origination of the financing activities for the partnership. Apterra specializes in originating, structuring, and deploying debt capital for infrastructure transactions worldwide. As part of the partnership, Standard Chartered has acquired a minority stake in Apterra. The bank will also support the investment origination, further expanding Apterra’s capacity to manage clean energy and transition projects.
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Insights from Apollo’s Jim Zelter
Jim Zelter, Apollo Asset Management Co-President, expressed excitement about the partnership, noting that the global industrial renaissance is creating significant capital demands across next-generation infrastructure, sustainable power, and other transition assets. He added that this agreement would accelerate both firms’ financing and investment activity in these areas, and highlighted that Standard Chartered has been a long-time banking partner to Apollo.
Apollo’s Commitment to Clean Energy
Apollo’s Clean Transition Capital strategy has been instrumental in advancing clean energy investments. Over the last five years, Apollo has deployed more than $40 billion into energy transition and climate-related projects. The firm believes that demand for capital in these areas will grow substantially in the coming years, making this partnership a crucial step in meeting global clean energy goals.
Apterra’s Growth and Future Plans
Apterra, founded in 2023, has already executed more than $4.8 billion in transactions. The platform is poised to increase its growth trajectory with strategic support from Standard Chartered. Led by co-CEOs Ralph Cho and Michael Pantelogianis, Apterra is set to further strengthen its position as a key player in financing clean energy and infrastructure projects.
Standard Chartered’s Expertise
Standard Chartered is recognized as one of the world’s top infrastructure lenders, especially in Asia, Africa, and the Middle East. The bank enjoys a significant interest share in the renewable energy sector, while its cross-border and wealth management expertise allows it to support large-scale infrastructure projects across the globe.
The alliance between Apollo and Standard Chartered represents a landmark step toward hastening the funding of sustainable infrastructure and clean energy projects. By committing up to $3 billion and pooling both firms’ resources and expertise, this collaboration supports a global transition to a greener, low-carbon future.