EQT’s Investments for Energy Transition

EQT's Investments for Energy Transition

EQT was founded in 1994 as an international capital management company dedicated to socially responsible investments that foster leverage buy-out of companies and other real sector assets. During the last three decades, EQT has built legacy of responsible investment and value creation, with a focus on future-proofing businesses and sustainability. This approach has consistently delivered strong returns while having a positive impact on society and the environment. This organization, headquartered in Stockholm, is included in our list of private equity fund in Europe.

Focus on Energy Transition

EQT invests in renewable energy and sustainability with the purpose of making a positive impact on the environment and society. The organization understands that sustainable energy is among the keys to address climate change and it is hence actively allocating capital into projects supporting the use of renewable sources such as wind, solar, among other energy-efficient technologies.

EQT’s sustainability strategy extends beyond individual investments. The firm integrates environmental, social,and governance (ESG) considerations across its portfolio, ensuring that its companies adopt responsible practices. By focusing on accountable leadership, regenerative processes, and equitable business practices, EQT seeks to enhance the sustainability of its investments and drive long-term value.

Investing in Ocea Group

One of EQT’s recent investments is Ocea Group, the French-based leader in smart water and heat submetering infrastructure from ICG. Ocea plays a critical role in  enabling individualized measurement for heat and water consumption in collective buildings in order to actively support the energy transition. This service not only ensures  that each individual pays an amount that is fair for his consumption but also contributes to significant energy savings- one of the fundamental bulding blocks of energy efficiency.

With more than 4 million submeters in operation for over 7,000 clients, Ocea is well-positioned to benefit from favorable market trends, driven by both regulation and consumer demand for more accurate energy management. Under EQT’s Active Core Infrastructure strategy, Ocea will be supported to expand its submetering services and investing in adjacent sustainable solutions, such as environmental data management and smart housing.Growth for the company is about scaling its asset base and continuing to advance the digitalization of services, further promoting sustainable living in the residential sector

Strategic Acquisition of OX2

In another strategic move to strengthen its presence in the renewable energy sector, EQT has completed its acquisition of OX2, a leading European renewable energy developer. With a diversified portfolio comprising onshore and offshore wind, solar, and energy storage projects, OX2 has been able to emerge as a front-runner in the growing demand for green electricity.

OX2 currently operates in 11 European markets but also recently expanded into Australia, making it a truly global platform. The acquisition by EQT would turn OX2 from a developer into an integrated renewables developer and asset owner, allowing it to retain flexibility in the sales of projects while unlocking new growth opportunities via long-term asset development. By leveraging its experience in energy transition investments, EQT intends to support OX2 in further scaling its renewable projects to meet the growing demand for clean energy

The current acquisition is part of EQT’s bigger strategy to invest in sectors that are positioned to see long-term growth, such as renewable energy. With OX2, EQT further underlines  its commitment to decarbonization and the energy transition, placing itself at the forefront in the development of sustainabe infrastructure.

Image source: Jon Flobrant

 

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