LONDON, July 14 Dutch pension fund asset
manager APG Asset Management and alternative investments manager
Aquila Capital plan to invest up to 500 million euros in
European hydropower plants, they said in a statement on Monday.
The tie-up will see them both invest in operational plants
and develop new projects across Europe.
APG will invest 250 million euros but with the use of debt
financing, the total enterprise value of the assets could reach
500 million euros. Aquila will manage and operate the assets and
provide portfolio management services to the partnership.
(Reporting by Simon Jessop; editing by Olivia Hardy)