Nala Renewables is a 50/50 joint venture between the Trafigura Group, one of the world’s leading independent commodity trading companies, and IFM Net Zero Infrastructure Fund, an open-ended investment fund managed by global institutional fund manager IFM Investors. This means that we have the benefit of a global network combined with a unique business-building approach and renewable energy expertise, to develop a differentiated renewable energy investment platform.
It also means that we have strong access to pipeline and offtake. Trafigura is contributing projects under development with a total generation capacity of 500 megawatts and a long-term offtake agreement for some of the renewable assets.
Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. At the heart of global supply, Trafigura connects the world with the vital resources it needs. Through our Oil & Petroleum Products, Metals and Minerals, and Power and Renewables divisions, we deploy infrastructure, skills and a global network to move commodities from where they are plentiful to where they are needed most, forming strong relationships that make supply chains more efficient, secure and sustainable.
Trafigura also owns and operates a number of industrial assets including a majority share of global multi-metals producer Nyrstar and fuel storage and distribution company Puma Energy; and joint ventures Impala Terminals, a port and logistics provider, and Nala Renewables, a power and renewable energy investment and development platform. With over 1,000 shareholders, Trafigura is owned by its employees and employs over 13,000 people working in 48 countries.
For more information, please visit: www.trafigura.com
About IFM Net Zero Infrastructure Fund
IFM Net Zero Infrastructure Fund (“IFM NZIF”) is a perpetual, open-ended investment fund that invests in assets centred on the transition to a net-zero emissions economy. Renewable energy and energy storage are key sector focuses for IFM NZIF.
IFM Investors, the manager of IFM NZIF, is a global investment management firm with USD137 billion in funds under management on behalf of 626 institutional investors, across four asset classes: infrastructure, private equity, debt and listed equities. IFM’s global infrastructure team comprises more than 100 investment professionals located in North America, Europe, Asia and Australia who have extensive transactional, portfolio management, financial and operational expertise. IFM manages over USD64 billion in infrastructure equity globally and the firm is one of the largest infrastructure managers in the world. IFM Investors has offices in ten locations; Melbourne, Sydney, New York, London, Berlin, Tokyo, Hong Kong, Seoul, Zurich and Amsterdam.
For more information, please visit: www.ifminvestors.com