Climate Opportunities: Border to Coast supports investment in six energy transition projects
Posted on April 25th, 2024
Border to Coast has supported the addition of six solar, wind, energy storage and natural climate investments to the Macquarie Green Energy and Climate Opportunities Fund.
As part of its innovative Climate Opportunities 1 offering, Border to Coast has invested $145m into the Macquarie fund on behalf of Partner Funds. The fund has in turn invested in six companies and projects expected to help accelerate the green energy transition.
The investments include offshore wind farm Outer Dowsing which is being developed 33 miles off the coast of Lincolnshire. The 1.5GW project aims to produce enough renewable electricity to power more than one million homes by 2030.
Other projects added to the fund are:
- US-based Galehead Development and Treaty Oak Clean Energy: developers of utility-scale solar, onshore wind and energy storage projects.
- Asia-Pacific-based Aula Energy and Blueleaf Energy: Aula has 4 GW of planned projects in development across Australia and New Zealand, and Blueleaf focusses on onshore wind, solar, and energy storage across four key Asian markets.
- German-based Forliance: a leading developer of nature-based carbon offsets with plans for development projects in South and Central America.
The investments represent a combined 17+ gigawatts of green energy capacity, or the equivalent needed to power approximately 13 million homes.
“The transition to a net zero economy will require extensive investment into green energy assets such as those in the Macquarie fund. We are pleased to be able to improve access to high quality managers such as Macquarie – one of the largest infrastructure investors in the world – for our Partner Funds, as well as enable them to access the significant investment opportunity on offer in private markets, and specifically climate solutions.”
Edward Northam, Head of Core Renewables, 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.”
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