Energy transition

The Spanish fund, which is focused on closing the €344bn European climate tech scale-up gap, attracted a wide range of public and private investors.

PGGM made the investment on behalf of client PFWZ, the pension fund for the Dutch health and welfare sector, which has allocated €1bn to the energy transition over the next five years.

The funding will support the roll-out of mini-grids powered by clean and affordable energy sources across the West-African country, where 90 million people have no access to electricity.   

The recent investment sees the fund managed by the Swiss impact investor surpass $410m at fourth close with the aim of reaching a final close of $500m by year’s end.

Vireo Ventures’ electrification fund secured the backing of a wide range of private, corporate and institutional investors across the European energy system.

The funding is intended to bolster climate-positive lease financing for Turkey’s SME sector, the backbone of the country’s economy and provider of 70% of national employment.

The new strategy secured an £80bn investment from “a large UK defined benefit pension scheme”, fund manager Rory Sandilands tells Impact Investor. 

The investment was made into Asterion-owned AMP Clean Energy to support the next phase of the company’s growth and decarbonisation strategy.

The financing supports the construction of four solar parks with a total capacity of 329 megawatts by renewable energy developer Sunly.

The funding marks British International Investment’s first climate-directed debt facility in Vietnam, aimed at helping the country achieve net-zero emissions by 2050.