OMERS and APG, on behalf of ABP, have completed a €662 million ($741 million) refinancing of Kenter Groendus, their jointly owned Dutch energy infrastructure platform. The transaction attracted strong interest from banks and institutional lenders and was twice oversubscribed.
Kenter Groendus is a commercial and industrial energy infrastructure platform with activities spanning medium-voltage infrastructure, metering, solar photovoltaic (PV), battery storage, EV charging and energy management solutions. The business was formed from the combination of Kenter and Groendus and is positioned to support the electrification of the Dutch economy and the growing need for integrated energy solutions.
The new financing provides Kenter Groendus with funding to support its growth ambitions under a newly established common terms platform. Luca Lupo, senior managing director and head of Europe at OMERS Infrastructure, said the refinancing also gives Kenter Groendus additional capac
