United Kingdom’s largest workplace pension scheme has announced a $1.95 billion green energy push after agreeing to an infrastructure partnership worth an initial $347 with Octopus Renewables, a specialist clean energy provider. The investment by Nest in green energy could reach $2.79 billion by the end of the decade, subject to new inflows from the scheme’s members and growth in demand for renewables.
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Caisse de dépôt et placement du Québec, a Canadian pension fund is investing $1-billion in a Taiwanese offshore wind project in its latest of a string of renewable-energy acquisitions. The Qubéc-based fund will acquire a 50 per cent stake in the Greater Changhua 1 Offshore Wind Farm developed by Ørsted. The acquired project has a total installed capacity of 605 MW and is valued at $3.4 billion.
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According to sources, a third of the funds will be invested in offshore wind farms, one third in onshore wind and solar and the final third in technologies like biomass, waste-to-energy, transmission and storage solutions. Geographically, the investments will be split roughly between North America, Western Europe, and developed Asia-Pacific markets.
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