Border to Coast, LGPS Central and UniSuper commit to energy infrastructure
Border to Coast, LGPS Central and UniSuper have committed to Macquarie Asset Management’s (MAM’s) global green energy fund, which has acquired a portfolio of six solar, wind, energy storage and natural climate solutions investments.
The Macquarie Green Energy and Climate Opportunities Fund acquired the portfolio of green investments in six companies and projects across the Americas, Asia-Pacific and Europe including Galehead Development, Treaty Oak Clean Energy, Aula Energy, Blueleaf Energy, Outer Dowsing and Forliance.
According to the infrastructure manager, the portfolio has been developed over several transactions since 2018, now representing 17+ GW of green energy capacity in development, construction and operations.
The portfolio is being supported by $135bn Australian superannuation fund UniSuper and two UK Local Government Pension Scheme investment pools £40.3bn Border to Coast and £28bn LGPS Central.
UniSuper and Border to Coast have committed up to $400m and $145m respectively to the Macquarie Green Energy and Climate Opportunities Fund, whilst LGPS Central has not disclosed its commitments. Total initial commitments to the fund were also not disclosed to Net Zero Investor.
John Pearce, chief investment officer at UniSuper, explained that its commitment to the fund will help UniSuper achieve net zero in its investment portfolio by 2050.
"This is an investment of scale and quality with a pipeline of opportunities helping to accelerate the transition to net zero. It will enable UniSuper to invest across technologies and geographies in projects that we believe will generate attractive long term returns for our members.
"The energy transition will require mature sustainable technologies to meet net zero targets in Australia and around the world," Pearce added.
Edward Northam, head of core renewables at MAM Green Investments, said: “The portfolio seeks to accelerate the green transition through its extensive, high quality development pipelines and operational projects that are well aligned to national targets and policies.”
