Diode Ventures and Alma Global Infrastructure Are Partnering to Finance and Develop Energy Projects Worldwide

Diode Ventures, a Black & Veatch company, announced its partnership with Alma Global Infrastructure to execute on an investment strategy that focuses on energy and infrastructure projects that generate attractive risk-adjusted returns primarily through investments in assets located across Organisation for Economic Co-Operation and Development (OECD) countries. The initial plan for the partnership is to support a pipeline of $200 million in investments in renewable and clean energy projects.

The seed project for this partnership is a nearly 50 MW shovel-ready utility-scale solar project (Project) that will provide green energy to the grid in southern Japan under a 20-year feed-in-tariff framework. The Project marks the first in a series of planned investments in energy assets to be pursued by Diode and Alma Global Infrastructure.

The Partnership seeks to make investments in a diversified portfolio of long term contracted or rate regulated infrastructure assets with creditworthy entities. Diversification shall be accomplished by investing in small, medium, and large-scale infrastructure projects. Driven by continued growth in demand for renewable and other low-carbon forms of energy, Diode and Alma Global Infrastructure are also working to identify and develop a portfolio of assets in markets encouraging the transition to a low carbon economy.