Energy transition

The new initiative falls under BII’s recently launched £100m mobilisation facility that’s aimed at unlocking private capital for emerging economies deemed to be too risky by international investors.

The asset manager has invested in assets based in the Netherlands and Spain, which it will transform into carbon neutral properties, it says.

Swedfund and IFU have made commitments of $44m to Sturdee Energy, a South African independent power producer which develops renewable energy projects and related infrastructure across Southern Africa.

PGGM among investors committing €120m to Elyse Energy to accelerate the development of its e-methanol and sustainable aviation fuel production projects in France and the Iberian Peninsula.

The Baku climate change summit produced an agreement by governments to increase spending on climate mitigation and adaptation, but how much of this finance will be used to leverage private sector funding remains to be seen.

An L&G survey indicates increasing enthusiasm for impact investing mandates within the private markets portfolios of UK pension schemes, insurers and charities.

The fund, which is Africa’s first structured debt vehicle focused on energy efficiency solutions, invests into early-stage businesses that are working on boosting climate resilience on the continent.

The Dutch firm’s second fund focuses on investments in early-stage digital and sustainability ventures in north-western Europe.

The latest report from MainStreet Partners reveals that green bonds now represent 57% of the total green, social and sustainability bond issuance, reaching a record-breaking $356bn in issuance in the first half of this year.

The Norwegian private equity firm’s climate impact fund has received backing from a broad range of investors, and will focus on innovative technologies that improve the efficiency and sustainability of value chains, it says.