Climate Insider’s Post

The Ireland Strategic Investment Fund (ISIF), part of the National Treasury Management Agency (NTMA), has made three new climate investments totalling approximately €280 million. ISIF’s three new investments comprise: a €200 million investment in Copenhagen Infrastructure V, the latest flagship fund of Copenhagen Infrastructure Partners (CIP); a €50 million investment in Impax New Energy Investors IV Fund (Impax Asset Management); and a $30 million investment in ArcTern Ventures Fund III. As a result of the new backing, ISIF’s total commitments to climate investments has reached €636 million since 2021, or 63.6% of its target to invest €1 billion between 2021 and 2026. ISIF said that it is ‘now on course to meet its stated aim almost two years ahead of schedule’ and to invest ‘significantly more’ than €1 billion in climate over the five-year period. “In 2021, we announced plans to invest €1 billion over five years in addressing the Climate challenge and we’re on course to hit that amount about 2 years ahead of schedule,” noted Nick Ashmore, the Director of ISIF. “This demonstrates the importance we’ve been attaching to getting behind Climate investments – and the necessity of making these investments. “The commitments we’re announcing today show ISIF’s appetite to invest across the spectrum of available Climate investments. We’re heavy backers of wind and solar energy because Ireland needs more of this generating capacity to accelerate the economy’s transition to Net Zero.” CIP, Impax, and ArcTern are all working on plans to boost Ireland’s renewable energy market with major projects. #cleanenergy

US-based private equity firm NGP has closed the latest fundraising for NGP Sustainable Real Assets, LLC (NGP SRA) after securing approximately $500 million in capital commitments. The commitments came from NGP’s dedicated energy transition fund, NGP Energy Transition IV, L.P., and a number of co-investors. NGP SRA was established to invest in real asset development platforms across various sectors of the energy transition, including clean power, clean fuels, carbon, transportation, and critical minerals. Chris Carter, NGP’s Managing Partner, commented: “Our strategy with NGP SRA combines NGP’s 35-year track record of partnership-oriented investing, having backed more than 300 development platforms across the energy sector, with our firm’s significant capital, expertise, and resources dedicated to the energy transition. We see a big opportunity to deploy an investment model NGP has honed over the last three decades into these attractive clean energy subsectors.” NGP SRA has already closed investments in three platform companies and continues to evaluate new opportunities to add to its portfolio. The fund generally targets equity commitments of $50-$150 million per investment. “We take great pride in our reputation as value-added partners and trusted sector specialists in energy,” remarked Philip Deutch, NGP Partner and Energy Transition Fund Head. “More than three decades ago, NGP pioneered the investment model that now dominates traditional energy project development. We are excited to commit our experience and capital to advancing energy transition projects while seeking attractive risk-adjusted returns for our investors.” Sam Stoutner, NGP Partner, added: “We continue to see a mismatch between the supply of high-quality, shovel-ready clean energy projects, and the capital to build, finance, and own those projects. In NGP SRA, we will focus on backing teams and projects earlier in their lifecycle and working with management to build scaled, diversified, derisked projects and platforms that can ultimately be handed off to lower-cost, longer-term pools of capital.” #cleanenergy

Numerous policies considered bullish for renewable energy and electric vehicle stocks are also relevant for the Industrials, Materials, Utilities and Energy sectors. Learn more here.

Numerous policies considered bullish for renewable energy and electric vehicle stocks are also relevant for the Industrials, Materials, Utilities and Energy sectors. Learn more here.

Numerous policies considered bullish for renewable energy and electric vehicle stocks are also relevant for the Industrials, Materials, Utilities and Energy sectors. Learn more here.

Numerous policies considered bullish for renewable energy and electric vehicle stocks are also relevant for the Industrials, Materials, Utilities and Energy sectors. Learn more here.

Numerous policies considered bullish for renewable energy and electric vehicle stocks are also relevant for the Industrials, Materials, Utilities and Energy sectors. Learn more here.

Numerous policies considered bullish for renewable energy and electric vehicle stocks are also relevant for the Industrials, Materials, Utilities and Energy sectors. Learn more here.

Numerous policies considered bullish for renewable energy and electric vehicle stocks are also relevant for the Industrials, Materials, Utilities and Energy sectors. Learn more here.

Numerous policies considered bullish for renewable energy and electric vehicle stocks are also relevant for the Industrials, Materials, Utilities and Energy sectors. Learn more here.