Generali Investments has launched Sosteneo, a strategic joint venture focused on equity investments in greenfield infrastructure projects related to the energy transition.
Sosteneo expands Generali Investments’ ecosystem of asset management firms, broadening the overall offering in real assets and strengthening its commitment to providing clients with access to ESG-oriented investment capabilities. Sosteneo aims to drive low-risk equity financing for greenfield infrastructure projects that produce clean energy, such as solar and wind, as well as enable clean energy use, such as battery storage and networks. Sosteneo also intends to collaborate with its network of industrial partners to provide solutions aimed at lowering emissions and/or improving efficiency for large energy users.
Generali Investments holds a majority stake in Sosteneo, and experienced executives from the clean-energy and funds-management industries hold the remaining stake.
“Sosteneo makes a perfect addition to our ecosystem of asset management firms, where it brings unparalleled expertise in a strategic sector for the global energy transition such as equity investing in infrastructure,” said Carlo Trabattoni, CEO, asset and wealth management, at Generali. “With Sosteneo, we are concretely progressing in our commitment to support sustainable growth in Europe and beyond by financing infrastructure projects essential to accelerate the path towards carbon neutrality and to secure wider availability of clean energy.”