Lazard Asset Management (LAM) has announced its Sustainable Private Infrastructure Fund has formed a strategic partnership with Renfin to jointly target investments in renewable energy in Italy, specifically small-scale hydroelectric power plants (SHEPPs).
“This alliance brings together the Lazard SPI Fund’s investment and financing expertise and Renfin group’s proven track record in responsible ownership and operations of SHEPPs across Europe and worldwide,” said LAM.
Head of sustainable private infrastructure at LAM Robert Wall (pictured) said: “Hydropower appeals to us as an investment class due to its long economic lifespan, low risk of technological obsolescence, and its crucial role in delivering cost-effective and dependable renewable energy.
“We recognize a distinctive opportunity in Italy, given its unique climate, terrain, and fragmented SHEPPs market. Renfin is a highly regarded and experienced partner, and we are thrilled to embark on this venture together.”
Renfin managing director and founder Jan Tošnar added: “We take pride in being a major owner and operator of SHEPPs in Italy, the UK, Czech Republic and key geographies that we believe are most attractive for hydropower investments.
“We are excited that the next stage of our company’s growth in Italy comes from partnering with such a distinguished investment partner as LAM.
“Our shared vision and values with Lazard SPI Fund set the foundation for a fruitful collaboration.”