Macquarie green fund buys global portfolio with UK and Australian pensions

Macquarie Asset Management’s green energy fund, backed by Australian and UK pension funds, is acquiring a global portfolio of six solar, wind, storage, and natural climate solutions investments.  

Macquarie said the investment is being supported by key clients of Macquarie Asset Management including UniSuper, LGPS Central and Border to Coast Pensions Partnership.

The portfolio comprises 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. It represents over 17GW of green energy capacity in development, construction and operations, Macquarie said.

Macquarie added that the portfolio has been developed by Macquarie Asset Management’s green investments team ”over several transactions since 2018, with investments incubated on Macquarie Group’s balance sheet”.

Edward Northam, head of core renewables at Macquarie’s green investments arm, said: “Over several years, we have worked closely with specialist teams and partners across our platform to create, acquire and grow a portfolio of companies and projects diversified across geographies, technologies, power markets and development stages.

”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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