Fortescue launches green investment accelerator platform

Fortescue CEO Mark Hutchinson and Fortescue Capital's Robert Tichio pose smiling with greenery in background
Fortescue CEO Mark Hutchinson and Fortescue Capital's Robert Tichio

Fortescue has launched a new investment platform, Fortescue Capital, to attract investment in its renewables projects as it moves to position itself as a global supplier of green energy.

New York-based Fortescue Capital will be led by Robert Tichio and act as a fiduciary for third-party capital to complement the company’s finance teams in its energy and metals division, Fortescue said.

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The new green energy investment accelerator platform is tasked with delivering greater returns for shareholders.

Fortescue Energy CEO Mark Hutchinson said, “Fortescue is taking its global pipeline of green hydrogen and green ammonia projects to Final Investment Decision, and in doing so has communicated our intention and desire to bring additional equity investors onboard.

“Further, Fortescue has previously communicated its planned investment to decarbonise its Pilbara operations, and we see Fortescue Capital as an essential tool of engagement as we embark on both missions.

“We could not be more excited to welcome Robert Tichio to the Fortescue family. He brings with him decades of invaluable experience and will lead a team with deep experience and broad expertise in capital formation and investment management in the energy industry.”

Related article: Fortescue cuts ribbon on new Kidlington facility in UK

Before joining Fortescue, Tichio spent over 17 years at Riverstone Holdings, a New York based private equity firm, that has seen total capital raised across a variety of private equity and related products exceed US$42 billion.

Tichio will be joined by a senior leadership team with a global background across sustainable infrastructure, climate technology, energy and private markets, which includes Nathan Craig, Rael McNally and Jennifer Zarrilli. Each will serve as managing directors and be based in New York.

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