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.