The loans will be used to upgrade Britain’s ageing social housing sector, which needs close to £36bn of investment to fully decarbonise, according to the National Housing Federation.
The money will be used to finance projects that will boost energy efficiency, slash CO2 emissions and help fight climate change, according to both organisations.
The Netherlands-based blended finance fund manager is hoping the new vehicle will unlock private sector investment for a vast range of green hydrogen technologies.
The fund managed by the Swiss impact investor focuses on projects in emerging and developing countries committed to slashing greenhouse gas emissions by at least one-fifth.
The fund, which focuses on boosting access to solar power across sub-Saharan Africa, was backed by a range of private investors and development finance institutions.
The funds will be used to build environmentally friendly homes in northern England for tenants who are struggling to find accommodation amid the country’s housing crisis.
The collaboration is aimed at accelerating the move to net zero in the Netherlands, where solar and wind energy has advanced so much, it is entering a new phase, according to ASN Impact and StartGreen.
The pension asset manager made the deal on behalf of Dutch healthcare scheme PFWZ, which has allocated €1bn to the energy transition over the next few years.
The new Dutch fund plans to invest in profitable companies in north-western Europe that contribute to sustainability but need growth capital to expand.
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