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Renewables? There’s a fund for that

Three high-profile firms have recently launched fundraises that will focus exclusively on the sector, underlining a growing trend in the asset class.
energy

Energy fundraising shifts to renewables and sustainability

There has been a structural shift in how LPs are allocating funds to energy-focused vehicles, moving away from upstream and paying closer attention to renewables and sustainable strategies.

Taiwan´s offshore wind sector to face financing turbulence

Sources warn of diminishing support from export credit agencies as the country steps ups its localisation requirements.

Stonepeak targets $1.25bn with new renewables fund – exclusive

The vehicle is being led by Hong Kong-based Hajir Naghdy, who joined from Macquarie Capital at the end of last year.
BlackRock has acquired a North American solar and energy storage business that was launched in 2012 as a GE subsidiary.

BlackRock buys GE’s North American solar business

The New York-based firm is currently raising its third renewables vehicle after closing on $1.65bn for its second in 2017.

Macquarie’s GIG targeting $1.5bn for new renewables fund – exclusive

The vehicle is targeting high single-digit returns and will focus investments mostly in Europe.

BlackRock targets $2.5bn for third renewables fund – exclusive

The launch of the latest vehicle comes two years after the fund manager closed its GRPF II on $1.6bn, which has invested in more than150 projects.
Wind farm Western Australia

Taaleri nears €300m target for fifth renewables fund

The Finnish group has so far raised €219m for a strategy that will see it invest predominantly in Europe but also in the US.

KGAL secures ESPF4 hard-cap extension ahead of September close – exclusive

The hard-cap for the German firm’s fourth renewables fund now sits at €750m after more than 90% of investors approved the increase.
Large scale solar farm located in rural Spain

Glennmont seals asset-backed loans for renewables debt fund

The two loans to Italian wind and solar facilities form part of the Glennmont REBS fund, which the UK firm says it established following investor requests for a differentiated product.
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