Macquarie invests €175m in SAF-producer SkyNRG
Australian financial services provider Macquarie Asset Management announced €175m investment in SkyNRG to support the Sustainable Aviation Fuel (SAF) producer’s next phase of growth through the development and operation of SAF production facilities.
Macquarie Asset Management announced the investment in the Dutch SAF producer via the Macquarie GIG Energy Transition Solutions (MGETS) Fund.
“This is an exciting milestone for us, as our first SAF investment. SkyNRG has been a pioneer in SAF, with an entrepreneurial spirit and a strong commercial focus. We look forward to collaborating with the SkyNRG team as they grow their business and advance solutions to decarbonise the aviation industry,” said Mark Dooley, global head green investments, Macquarie Asset Management.
SkyNRG has secured partnerships with KLM Royal Dutch Airlines and Boeing with envisaged long term commitments of up to €4bn in SAF purchases.
By 2030 SkyNRG aims to build its dedicated SAF facilities in Europe and the US, in cooperation with strategic offtake partners.
This transaction follows a series of investments by Macquarie Asset Management in emerging green technologies across Europe, including green hydrogen and biomethane producers HyCC and VORN Bioenergy.