AXA IM to acquire a 25% stake in Finerge from Igneo Infrastructure Partners.

AXA Investment Management, a private equity, agreed to acquire a 25% stake in Finerge, a renewable energy platform, from Igneo Infrastructure Partners, a private equity firm. Financial terms were not disclosed. “Our conviction is that climate change is the great issue of this century and the central risk of tomorrow. We believe that integrated renewable energy independent power producers like Finerge, which have the capacity to scale as 21st century utilities, will be essential to delivering the energy transition as fast as it is needed. We look forward to partnering with Igneo and the Finerge management team to accelerate the build out of the Finerge fleet across solar, wind and other energy transition technologies," Julien Gailleton, AXA IM Deputy Head.