Enel X, AMP Capital to invest in electric buses in Americas

By Jonathan Campion
The energy transformation firm Enel X and investment manager AMP will invest in the electric public transport infrastructure in three South American cit...

The joint venture, in which AMP Capital holds an 80% controlling interest, will invest in infrastructure for the electric vehicles’ storage, charging, repair and operation. 

It already owns 433 operating electric buses in Santiago, Chile; these vehicles, and their associated infrastructure, were formerly part of Enel X’s projects Transantiago 1, 2 and 3. It is expected that Enel X will add more of its vehicles to the joint venture, including its electric buses that are currently operating in Bogotà, Colombia and Montevideo, Uruguay.

Simon Ellis, head of Americas at AMP Capital, commented: “This investment provides AMP Capital with a strong entry point into the nascent and highly attractive e-mobility sector and represents our first significant investment in Latin America, a key target geography.

“This is a milestone for the global expansion of our infrastructure equity business and our growing presence in the Americas. The e-mobility partnership with Enel X, a true market leader in the clean-energy transition, represents a compelling socially and environmentally responsible investment. Vehicle electrification is critical to reducing air pollution caused by emissions and to meeting decarbonisation goals.”

Francesco Venturini, CEO of Enel X, added: “Urbanisation is one of the global trends that are changing the energy sector as megacities are increasingly requiring solutions for a clean, sustainable future, with electric mobility, both public and private, playing an essential role in this scenario.

“The partnership with AMP Capital reinforces our commitment to develop a sustainable, public mass transportation system, leveraging on our expertise in e-mobility and our strong presence in most of the mega cities in the Americas.”

Share

Featured Articles

Energy efficiency: delivering measurable ROI

Tuomo Hoysniemi, Division President, Drive Products at ABB, explains how investing in energy efficiency today maximises savings over the long term

From carbon to clean: The global energy transition

Navigating the complex energy transition is crucial to combat climate change. Stakeholders must collaborate to bridge the gap in expectation and reality

Formula 1 meets biofuel as DHL enables sustainable logistics

Introducing bio-fuelled trucks to the Formula 1 World Championship is a major step in decarbonising motorsport and a triumph for logistics firms DHL

The true definition and benefits of a smart city

Smart Energy

Global renewable energy investment to battle the oil sector

Renewable Energy

Energy cyber threats: what are the motives for disruption?

Technology & AI