Standard Chartered has acquired a minority stake in Apterra, with the acquisition positioned to enhance Apterra’s growth trajectory. While specific financial details were not disclosed, both parties highlighted the value of combining their resources to scale up financing for sustainable development.
Enhanced Financing Capabilities
As part of the agreement, Standard Chartered will provide a senior secured credit facility to Apollo Clean Transition Capital. This facility will fund project finance and infrastructure loans, further bolstering the partnership’s ability to support large-scale sustainable initiatives.
Group Chief Executive of Standard Chartered Bill Winters emphasized the complementary strengths of the two organizations, stating, “This partnership with Apollo, a market leader in alternative asset management, is a great opportunity to leverage our collective sector expertise and innovative mindset to help finance sustainable growth.”
Expanding Impact
By combining Apollo’s investment expertise and Standard Chartered’s global banking network, the partnership is poised to unlock significant opportunities in clean energy and infrastructure development. The collaboration underscores the critical role of private capital and financial innovation in addressing climate change and supporting the energy transition.
