EDF Group has partnered with Amundi to create a joint asset management company.

The new firm will raise funds from institutional and retail investors and aims to manage energy project funds on behalf of third parties. A fundraising of goal €1.5bn has been set by the two companies.

The partners expect to offer two theme-based specific investment products for the market.

While the first investment product will focus on renewable energy projects, the second will revolve around the energy-saving strategies, which can be used for B-to-B (including electro intensive industries).

"This partnership with EDF is part of Amundi’s strategy to design innovating investment solutions for its clients."

Amundi CEO Yves Perrier said: "This partnership with EDF is part of Amundi’s strategy to design innovating investment solutions for its clients, whilst addressing investment challenges faced by corporates."

EDF Group senior executive vice president for finance Thomas Piquemal said: "After our inaugural Green Bond issuance in November 2013, a reference in the developing green bond market, this partnership with Amundi demonstrates once again EDF’s ability to innovate for the benefit of energy transition financing."

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The newly formed company will try to shape investment funds based on high-yield real estate and has plans to extend assistance for non-energy related infrastructures eventually.