Alba I is a EUR 200m fund targeting investments energy transition projects primarily in French regions, mainly focusing on three sectors: (i) heat generation and distribution, (ii) wind energy, and (iii) other RE and EE projects. The fund has a build & hold strategy, as it will build new or acquire operational assets and hold them over its 25-year tenor.
The Fund is managed by Amundi Energy Transition (AET), an asset management company created in 2016. Jointly owned by Amundi (60%) and EDF (40%), AET focuses on long term financing of energy transition and energy efficiency infrastructure projects.
Direct investments in the market of energy transition infrastructure require significant industrial expertise. This is, in particular, where the partnership with an industrial group provides added value to AET’s business model: an ability to access a much broader range of projects than renewable energy (solar, wind), including some diversifying assets from the energy efficiency sector (e.g. heating networks, public lightning).