Lazard Asset Management (LAM) has revealed its Sustainable Private Infrastructure Fund's collaboration with Renfin, aiming to focus on investments in renewable energy, particularly small-scale hydroelectric power plants (SHEPPs) in Italy.
The alliance intends to leverage the expertise of the Lazard SPI Fund in investment and financing alongside Renfin group's established track record in responsible ownership and operations of SHEPPs across Europe and globally.
Robert Wall, Head of sustainable private infrastructure at LAM, highlighted the appeal of hydropower as an investment avenue due to its extended economic lifespan, low risk of technological obsolescence, and its significant role in providing reliable and cost-effective renewable energy. Wall stated, “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's Managing Director and Founder, Jan Tošnar, expressed pride in their substantial ownership and operation of SHEPPs across Italy, the UK, Czech Republic, and other strategic regions for hydropower investments. Tošnar remarked, “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.”
