Clwyd Pension rehires Capital Dynamics for clean-energy investments

Independent asset manager Capital Dynamics has been reappointed by UK local government pension scheme Clwyd Pension Fund to invest in clean-energy infrastructure in Wales.

This renewed investment mandate follows the successful deployment of Clwyd’s original investment and highlights the strengths of the ongoing partnership between Clwyd and Capital Dynamics’ Clean Energy platform.

Structured as a separately managed account, this partnership aims to deliver new green-energy investments in Wales under the Welsh government’s national development framework, “significantly contributing to Wales’s vision of sourcing 100% of its energy from renewable sources”, the manager said.

Additionally, this initiative will foster local ownership of new infrastructure, ensuring that economic and social benefits remain in Wales, it added.

“Re-engaging Capital Dynamics for our clean-energy impact strategy in Wales reaffirms our trust in their expertise and underscores our commitment to delivering long-term, sustainable investment returns,” said Philip Latham, head of Clwyd Pension Fund.

Barney Coles, co-head of Capital Dynamics Clean Energy, said: “As one of the leading investors in the creation of new Welsh renewable-energy capacity, we are delighted to extend our partnership with Clwyd Pension Fund and to facilitate locally owned clean-energy infrastructure.

“This clean-energy investment mandate aligns closely with the newly elected UK government’s mission to reduce electricity bills, create local skilled jobs in industrial heartlands, and achieve British energy security once and for all.”

Capital Dynamics has been directly investing in clean energy in the UK since 2010, acquiring 30 projects with a combined gross capacity of approximately 500MW.

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