Energy transition

In a report on progress in their talks with the banks, the collaborating investors say the just transition should be central to banks’ decarbonisation strategies. 

Private equity firm Mentha has launched what is says is the first impact buy-out fund to target the Benelux region, announcing a first close of €100m.

Reactive Technologies has raised £25m in a funding round led by M&G Investments, BGF and Breakthrough Energy Ventures for the global expansion of its technological solutions in support of the renewable energy transition.

The AIIB guarantee underpins a syndicated loan to support green projects in which Société Générale, ING and Standard Chartered Bank participated.

The new fund will focus on investments in commercially proven technologies such as onshore wind, solar panels and small-scale hydropower.

The fund secured investment from institutions including British Patient Capital and plans to fund impact startups in areas such as energy, transportation, and agriculture.

Pension funds highlighted the importance of investing in the just transition as part of a holistic approach to risk, and talked about some of the challenges and complexities they are facing.

The private markets fund has deployed more than £1bn to date, including investments in the biggest operational solar portfolio to ever be traded in the UK.

The investment from Zurich-based responsAbility, following on from one from the Development Bank of Austria, reflects growing interest in supporting India’s energy transition among international investors.

The kingdom plans to attract foreign funding for its sustainable development goals through the issue of green bonds.