OMERS and APG complete €662 million refinancing of Kenter Groendus

OMERS and APG, on behalf of ABP, have completed a €662 million refinancing of Kenter Groendus, their jointly owned Dutch energy infrastructure platform.

The new financing provides Kenter Groendus with funding to support its growth ambitions, under a newly established common terms platform. The transaction attracted strong interest from banks and institutional lenders and was twice oversubscribed.

Kenter Groendus is a commercial and industrial energy infrastructure platform, with activities spanning medium-voltage infrastructure, metering, solar PV, battery storage, EV charging and energy management solutions. The business was formed from the combination of Kenter and Groendus and is positioned to support the electrification of the Dutch economy and the growing need for integrated energy solutions.

Luca Lupo, Senior Managing Director and Head of Europe, OMERS Infrastructure, said: “This refinancing is an important milestone for Kenter Groendus. The strong support from lenders reflects the quality of the business and its long-term role in supporting the energy transition. The refinancing gives Kenter Groendus additional capacity and flexibility to continue to invest in its core infrastructure businesses and pursue its growth ambitions in the years to come. I would like to thank the Kenter Groendus team, our financing partners and everyone involved for delivering an excellent outcome.”

Arjan Reinders, Head of Infrastructure Europe, APG, said: “The Netherlands' energy transition requires significant investment in enabling infrastructure, and Kenter Groendus plays an increasingly important role in supporting that transformation. This refinancing strengthens the company's financial foundation and provides the flexibility to continue investing in solutions that help customers to electrify. The successful outcome reflects the strength of the business and the confidence of lenders in its long-term contribution to the Dutch energy system. We thank the Kenter Groendus team and our financing partners for their dedication and collaboration throughout the process.”

Jean-Pierre van Lieshout, CFO, Kenter Groendus, said: “We greatly value the commitment of APG and OMERS and the important role they have played in making this refinancing a success. Having shareholders who support our ambitions strengthens our ability to play a significant role in the energy transition. This refinancing provides Kenter Groendus with a solid foundation to continue supporting our customers in the years ahead. I would also like to thank all our colleagues at Kenter Groendus who contributed to achieving this important milestone.”

Notes

• This transaction follows recent successful financing activities across the OMERS infrastructure portfolio, including Oncor (USD$290m), Exolum (€770m) and Bruce Power (C$1.5bn), reflecting OMERS active approach to asset management and commitment to long-term value creation. Further information on OMERS other refinances can be found here: https://www.omersinfrastructure.com/news

For more information:

OMERS

James Thompson

Director, Investment Communications & Media, Europe & Asia-Pacific
jathompson@omers.com / +44 07443 264 154

APG

Sanne Hofland

Spokesperson

sanne.hofland@apg.nl / +31 (0)6 57 07 08 66

About APG and ABP

ABP is the pension fund for government and education employees in the Netherlands, serving 3.1 million participants. ABP’s pension scheme and assets are managed by pension services provider APG. APG is the largest pension services provider in the Netherlands managing EUR 639 billion in assets (June 2026) on behalf of its pension fund clients. Together, ABP and APG work to provide participants with a good pension in a livable world. https://apg.nl/en/ and https://www.abp.nl/english

About OMERS Infrastructure

OMERS Infrastructure manages infrastructure investments globally on behalf of OMERS, the defined benefit pension plan for municipal employees in the Province of Ontario, Canada, and third-party investors through its Strategic Partnership Program. OMERS Infrastructure manages approximately C$40.9 billion, including capital invested on behalf of OMERS and third parties, in approximately 30 investments located in North America, Europe and Asia-Pacific, and across sectors including energy, digital and transportation. OMERS Infrastructure has employees in Toronto, New York, London, Amsterdam and Sydney. Net assets for OMERS as at June 30, 2026 totalled C$151.6 billion.

About Kenter Groendus

Kenter Groendus helps businesses in the Netherlands navigate an increasingly complex energy landscape. Combining expertise in energy infrastructure, smart energy management, renewable generation, energy storage and energy market solutions, we help customers manage their energy system as a whole. With more than 700 employees across seven locations, Kenter Groendus supports over 36,000 business customers with smart energy systems.