Southerly Ten’s Post

Interesting move by National Treasury Management Agency announcing 3 new Climate investments.... The devil is in the detail! It's great to see this level of investment - let's help the SME's and startups really change the world and offer alternatives! And.... let's do this ethically with strong verification and governance #impactinvesting cc Trrue

The L&G NTR Clean Power (Europe) Fund, alongside the Development Bank of Japan Inc., acquired a minority stake in the 714 MW East Anglia ONE offshore wind farm in the UK. The UK offshore wind deal was completed by NTR plc on behalf of the fund, which is a joint partnership between NTR and Legal & General Investment Management (LGIM). “Following recent investments in solar and onshore wind, this latest investment in offshore wind diversifies the Fund’s allocation by asset type and geography,” said Anthony Doherty, NTR’s Chief Investment Officer. “Providing clean power for over 630,000 homes across the UK, East Anglia ONE Offshore windfarm is one of the country’s largest projects of its type and it’s hugely exciting to be part of it. This is the latest addition to the Fund which is helping to make contributions to the clean energy transition across Europe and we are delighted that DBJ has co-invested alongside the Fund to secure the asset.” “The range of investable assets coming as a result of Europe’s clean energy transition has been, and will continue to, grow rapidly in the coming years – particularly within the private markets arena,” added Bill Hughes, LGIM’s Global Head of Real Assets. “With a mix of diversification, resilience of cash flows and strong sustainability credentials, we believe there’s increasing potential for institutional investors. Marking its first investment in the UK, the East Anglia ONE Offshore windfarm is a fantastic milestone for the Fund. Hughes continued: “With a strong pipeline of capital deployment, we continue to strengthen and diversify our portfolio; seeking to deliver significant growth opportunities for long-term investors who are looking to tap into the European energy transition story. “The L&G NTR Clean Power Europe Fund is an exemplar partnership, and so we’re pleased to build on this: co-investing alongside Development Bank of Japan.” L&G NTR Clean Power (Europe) Fund has also completed recent investments in Spain, France, and Finland, including the Pajuperänkangas wind farm, which is currently under construction in North Ostrobothnia. The fund was advised by Watson Farley & Williams (legal), with K2 Management (technical) and Marsh (insurance). LGIM and NTR announced last year April that €390 million in committed capital and co-investment opportunity had been raised for the Clean Power (Europe) Fund. #cleanenergy

The European Investment Bank (EIB) and the Irish Department of Transport have announced an advisory cooperation to assess capacity, demand and financing strategies required for the development of ORE (Offshore Renewable Energy) port infrastructure to support offshore wind projects in Irish waters #port #ireland #offshorewind #eib #renewableenergy

🌍 Big Moves in Renewable Energy! 🌞 Carlyle's Renewable & Sustainable Energy Fund II just hit a major milestone, topping $1bn thanks to a hefty $200m investment from the New York State Common Retirement Fund. 🚀 This fund is not just about numbers; it's a beacon of progress, targeting a total of $1.6bn to invest in renewable and sustainable energy companies and assets. From solar and wind to battery storage and electric vehicle infrastructure, Carlyle is driving forward with investments that matter for our planet. 🌱💡 With a strategy focused on impactful investments in OECD countries, this move signals a robust demand for green and sustainable energy solutions. 🌎✨ For more details, check out the full article below 🔗 :

Recurrent Energy have secured a $500 million preferred equity investment commitment from BlackRock through their Climate Infrastructure fund. Recurrent Energy is a wholly-owned subsidiary of Canadian Solar Inc. and is a global developer and owner of solar and energy storage assets. The investment will provide Recurrent Energy with additional capital to grow its high value project development pipeline while executing its strategy to transition from a pure developer to a developer plus long-term owner and operator in select markets including the U.S. and Europe. David Giordano, Global Head of Climate Infrastructure and Chief Investment Officer of Transition Capital at BlackRock, said, “We believe this partnership will help unlock the full potential of Recurrent Energy’s impressive renewable energy project development platform. Recurrent Energy is emblematic of our strategy of investing in leading renewable power generation assets and transition-enabling infrastructure, and we are pleased to make this first investment commitment from the fourth vintage of BlackRock’s Climate Infrastructure fund franchise.”  https://lnkd.in/eaZuCyyM #recurrentenergy #blackrock #odinglobal

Brookfield Asset Management is set to become the largest owner and operator of renewable energy in Australia with a massive $10 billion bid to acquire France’s Neoen. Neoen, known for its Victorian Big Battery near Geelong, has a robust project pipeline of nearly 10 gigawatts expected to come online over the next decade. This acquisition, backed by Neoen's board, highlights the growing demand for sustainable power solutions. Despite challenges in the renewable sector, Brookfield remains undeterred, viewing these as mere speed bumps in the 20-year megatrend towards low-cost clean energy. Recent successes, such as the deal to supply 10.5 gigawatts of renewables to Microsoft, showcase this unwavering commitment. Neoen CEO Xavier Barbaro expressed enthusiasm about partnering with Brookfield to propel Neoen’s growth further. With regulatory approvals pending, this acquisition marks a significant step forward in Brookfield's renewable energy strategy. Brookfield's acquisition of Neoen is a milestone for renewable energy in Australia and beyond. It demonstrates a robust commitment to sustainable development and positions Brookfield as a key player in the global shift towards cleaner, greener energy. #renewableenergy #sustainability #cleanenergy #brookfield #neoen #greenfuture #australia #evoegy

Schroders Greencoat has launched the Global Renewables+ LTAF, offering investors access to renewables and energy transition infrastructure investments. This marks the second LTAF from Schroders, which launched the UK's first long-term asset fund in March 2023 🔗 Get the scoop on Investment Week here: http://ow.ly/W5qf105fxUN #funds #energytransition #renewableenergy #investmentweek

Very timely and encouraging to see momentum building to deliver investments in Ireland's ports and harness offshore renewable energy. Today the Scottish Government announced a Green Industrial Strategy, with a nod to Ireland's economic success, that will provide a pipeline of projects and explore public-private partnership models to deliver investments including enabling infrastructure for offshore wind. https://lnkd.in/eeaX8GCV The Crown Estate for England, Wales, and Northern Ireland has also announced plans today to deliver offshore wind in the Celtic Sea with public-private partnerships to support port infrastructure, as part of the new Great British Energy partnership, with plans for Northern Ireland to follow. https://lnkd.in/e6VYzhM3 With a nod to the UK's success and leadership in developing offshore renewable energy, public and private investments in Ireland's ports are required immediately.

Premier Miton Global Renewables Trust’s investment objectives are to achieve high income and realise long-term growth in the capital value of its portfolio. It seeks to achieve these by investing principally in the equity and equity-related securities of companies operating primarily in the #renewable #energy sectors and other #sustainable #infrastructure investments. Watch the equity proposition video to learn important elements of the firm's investment story. https://lnkd.in/g54fcDBG #PMGR #LSE Premier Miton Investors #trust

🌱 We are proud to support TagEnergy's AUD 850 million financing of the Golden Plains Stage 2 Wind Farm in Victoria! ✇🌫 Once completed, this project will make the Golden Plains Wind Farm the largest wind farm in the Southern Hemisphere, generating 1.3GW of green energy. It will power over 750,000 homes and reduce carbon emissions by 4.5 million tonnes annually—3% of Victoria’s total greenhouse gas emissions! Bree Bailey, Director, Energy, Infrastructure & Renewables at Deutsche Bank: "The Golden Plains Stage 2 Wind Farm represents a strategic commitment for Deutsche Bank, aligning with Australia's ambitious energy transition goals and facilitating the development of critical wind generation capacity. This transaction underscores our commitment to sustainable finance and highlights our ability to provide bespoke structured solutions in the renewable energy sector." Deutsche Bank is acting as Initial Financier, Mandated Lead Arranger, and Initial Hedging Provider on the transaction. This transaction is Deutsche Bank's 22nd renewable energy asset financed in Australia, reflecting our continued support for sustainable financing solutions. #SustainableFinance #RenewableEnergy