Renewables-focused investment manager Schroders Greencoat LLP has successfully raised GBP 330 million (USD 406.2m/EUR 382.8m) in commitments from UK pension schemes, with a mandate to make long-term investments in renewable energy infrastructure and energy transition assets in the South West of England.
The firm said on Wednesday it drew commitments from six Local Government Pension Schemes in the Brunel Pension Partnership to direct investments for the benefit of specific counties — Dorset, Somerset, Avon, Cornwall, Devon, Wiltshire, Oxfordshire, Buckinghamshire and Gloucestershire.
Do you know we have a daily hydrogen newsletter? Subscribe here for free!
Schroders Greencoat will target a diverse range of renewable energy technologies, spanning traditional sectors like solar PV and wind, but also innovative energy transition sub-sectors such as battery storage and green hydrogen production, it said.
With a concentration of capital in specific geographies, Schroders Greencoat anticipates substantial local impact, generating employment opportunities in the South West while contributing clean energy to the national grid, the announcement adds.
(GBP 1.0 = USD 1.231/EUR 1.160)
