Greenfield

Macquarie will seed a new core renewable energy fund with some of its $2bn portfolio of assets, as exits slow.

The Australian fund manager is aiming for a more decarbonised and self-sufficient supply chain buying solar modules and batteries for its renewables projects that use the polysilicon manufactured at the Lansdown facility.

Portfolio manager Jiren Zhou sees more attractive returns compared to utility-scale assets, and a way to avoid grid congestion headaches.

Founder Vincent le Hodey tell us the Brussels-based manager will target developers in need of liquidity in the solar and onshore wind sectors.

The firm has now raised A$550m for its open-end renewables platform since launching a year ago, with plans to build a portfolio worth A$10bn.

HSBC AM’s energy transition team, which it took on when acquiring Green Transition Partners in January 2023, has invested in Tekoma Energy.

An equal partnership with indigenous groups aims to create new infrastructure in remote Australia that benefits Aboriginal people and takes a different approach to First Nations consultation and consent.

The UK development finance institution will deploy £500m in debt and equity towards climate finance in SE Asia by the end of 2026.

Co-head of fund management Alex Brierley says the fund will look at 'scaling proven technologies' outside of core renewables.

The firm has launched Nozomi Energy with capital from Actis Energy 5, with energy transition in the APAC region a focus.