Macquarie s second renewable energy fund raises €1.6bn for large scale investment
Macquarie-owned Green Investment Group s Renewable Energy Fund 2 has far exceeded its own expectations by raising over €1.6 billion in investment commitments for large scale solar and wind projects all over the world.Last week, Green Investment Group (GIG), which is part of Australia-based venture capital fund Macquarie, launched Cero Generation with the intention of building an 8 GW solar project pipeline in Europe. Today, Macquarie has announced that the GIG s Renewable Energy Fund 2 has raised over €1.6 billion in investor commitments. This is the second major GIG Renewable Energy Fund, the .
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Feb 10 2021, 7:28 PM
February 10 2021, 1:30 PM
February 10 2021, 7:28 PM
(Bloomberg) Macquarie Group Ltd.âs green investment arm raised 1.6 billion euros ($1.94 billion) for a renewable energy fund.
(Bloomberg) Macquarie Group Ltd.âs green investment arm raised 1.6 billion euros ($1.94 billion) for a renewable energy fund.
The companyâs Green Investment Group Renewable Energy Fund 2 closed after exceeding its target of 1 billion euros and received commitments from 32 pension funds and insurers from largely the U.K. and Germany, as well as from some sovereign wealth funds, according to a statement.
Renewables and the green transition has been identified as one of the biggest areas for global economic growth. Everyone from niche technology companies to energy majors are stepping into the field, as countries around the world pledge to reach net-zero.