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LONDON (Reuters) - Macquarie, the world’s largest infrastructure investor, has raised 1.6 billion euros ($1.93 billion) for its second global renewables fund, driven by strong demand from institutional investors in Britain and Germany.
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Countries and companies are seeking to increase their usage of renewable energy to lower carbon emissions and fight climate change. At the same time, record low interest rates have crimped fixed income returns and boosted the allure of alternative assets.
Macquarie Infrastructure and Real Assets (MIRA), manager of the fund, said it had drawn investment from 32 institutions, including pension schemes, insurers and sovereign wealth funds, helping it exceed a minimum target of 1 billion euros.
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Date: 27 May 2021
Macquarie, the world's largest infrastructure investor, has raised 1.6 billion euros ($1.93 billion) for its second global renewables fund, driven by strong demand from institutional investors in Britain and Germany.
Date Time
Macquarie raises €1.6 billion for renewable energy investment
Macquarie Green Investment Group Renewable Energy Fund 2 reaches final close with more than €1.6 billion of investor commitments.
The Macquarie Infrastructure and Real Assets-managed strategy will invest in a diversified portfolio of assets including platforms and construction stage and operational wind and solar projects.
The fund exceeded its initial minimum target of €1 billion following strong interest from institutional investors seeking to support the transition to low carbon energy.
Macquarie Infrastructure and Real Assets (“MIRA”) has raised more than €1.6 billion for investment in renewable energy with the final close of Macquarie Green Investment Group Renewable Energy Fund 2 (“MGREF2”) – exceeding its initial minimum fundraising target of €1 billion.