Energy transition

The Swiss impact asset manager made its first climate infrastructure investment in Latin America and also provided funding to one of Southeast Asia’s leading fruit processing and export companies.

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.