Zak Bentley
Five years after the US power company's $17bn take-private, the energy-focused firm is rolling about 20% of the existing LPs into a single-asset vehicle.
The new vehicle, which aims to help drive the global energy transition, will initially focus on Europe, balancing its portfolio over time.
Bill Green, founder of Climate Adaptive Infrastructure, explains how investors are mispricing climate risk and what needs to change.
The deal, 13 months after CDPQ invested a further $1bn, is said to be one of the largest renewable investments in North American history.
The growth in wider energy-transition strategies introduces an interesting new dynamic to renewable and clean energy investment.
Vortex Energy IV, which is targeting $700m, is looking to invest across the energy transition spectrum in Europe, North America and Australia.
The fund, which is believed to be targeting about €500m, is set for a first close before the end of the year.
The industry veteran will lead a new capital formation team at Quinbrook, having previously served as managing director at BlackRock.
In trying to deliver investor certainty and climate relief with its Sustainable Finance Taxonomy, the EU has come up with a solution which may well do the opposite.
After securing a $1bn first close at the end of 2019, the global renewables fund reached an ‘inflection point’ last summer, according to head of renewables David Giordano.