Lazard Asset Management (LAM) has announced it has formed a strategic partnership with Renfin which will target investments in small-scale hydroelectric power plants across Italy. 

Lazard's Sustainable Private Infrastructure Fund (Lazard SPI Fund) will combine its investment and financing expertise with Renfin's established reputation in the ownership and operation of small hydropower plants across Europe and beyond. 

"Hydropower appeals to us as an investment class due to its long economic lifespan, low risk of technological obsolescence, and its crucial role in delivering cost-effective and dependable renewable energy,” said Robert Wall, Head of Sustainable Private Infrastructure at LAM. “We recognize a distinctive opportunity in Italy, given its unique climate, terrain, and fragmented SHEPPs market. RENFIN is a highly regarded and experienced partner, and we are thrilled to embark on this venture together."

“We take pride in being a major owner and operator of SHEPPs in Italy, the UK, Czech Republic and key geographies that we believe are most attractive for hydropower investments,” said Jan Tošnar, founder and Managing Director of RENFIN. “We are excited that the next stage of our company’s growth in Italy comes from partnering with such a distinguished investment partner as LAM. Our shared vision and values with Lazard SPI Fund set the foundation for a fruitful collaboration.”