IFM consortium swoops on US renewables firm
IFM consortium swoops on US renewables firm Save Share IFM Investors has teamed up with global commodities trader Trafigura to acquire a majority stake in a North American renewables player, marking another push by the heavyweight fund into low-carbon investments. The consortium will take an 85 per cent stake in the Boston-based Swift Current Energy, which has developed a gigawatt of renewable projects since it was established in 2016 and has a 6GW pipeline of solar, wind energy and energy storage projects. IFM Investors chief executive David Neal says the partnership supports the ongoing ene...
Source: afr.com