Financial service provider Apex Group Ltd has appointed Octopus Investments Australia to provide services to its fund structures focused on renewables investment.

Octopus Group is one of the largest owners of renewable energy projects in Australia and Europe, owning some 260 assets on behalf of wholesale and institutional investors. Octopus Australia is responsible for managing more than $1 billion of construction and operational assets.

Octopus Australia is building a portfolio of renewable energy assets that will help Australia to lower its carbon emissions and meet its renewable energy targets while delivering sustainable, long-term returns for investors.

Apex will provide Octopus Australia with fund administration, investor onboarding, share registry and tax services for new fund structures dedicated to investing in renewable energy in Australia.

Andrea Gallenca, Australia at Apex Group head of private market sales, said: “As a carbon-neutral business that has offset a lifetime of carbon emissions, Apex is the perfect fit to be supporting Octopus Australia as they invest in renewables.”

Mr Gallenca said their robust and scalable technologies and fund administration services will allow the Octopus Australia team to focus on facilitating the deployment of capital towards projects.

“This will benefit not only their investors, but our planet, now and in the future,” he said.