Renewables

Vehicles dedicated to the strategy accounted for more than 33% of the nearly $57bn raised in the first half, as 2021 gears up for a strong showing.

The renewable energy investor has smashed its €800m target and is looking at new countries and sub-sectors with Fund IV.

Currently sitting at $70bn, the majority of this growth is to come from the asset class, particularly in Asia, global head Anne Valentine Andrews tells us.

The energy transition-focused fund manager has deployed roughly 60% of Infragreen IV and plans to launch Fund V, for which it will link carried interest to ESG objectives, next spring.

Stonepeak’s Global Renewables Fund, which has invested $800m to date, seeks to focus on developed markets with stable regulatory frameworks.

BlackRock’s Larry Fink is latest to call on the World Bank and IMF to shift from lending to catalysing private capital investment in emerging markets.

Dai-ichi Life, Standard Chartered, MUFG and a fourth LP have committed $137.5m to the blended finance vehicle, targeting emerging markets climate infra.

Vortex Energy IV, which is targeting $700m, is looking to invest across the energy transition spectrum in Europe, North America and Australia.

At a panel on our recent Global Investor Offsite comparing approaches to sustainability between investors in Europe and Asia-Pacific, Ronak Patel, a partner at placement agent Campbell Lutyens, remarked that LPs were “quite fed-up” with pure renewable power funds or projects. A cursory look at this year’s fundraising statistics shows a $4.8 billion close for BlackRock […]

Greater clarity that only the government can provide is needed around issues such as grid connections, financial certainty mechanisms and permitting, K2 Management’s Gary Bills explains.