Zak Bentley
The deal, 13 months after CDPQ invested a further $1bn, is said to be one of the largest renewable investments in North American history.
The growth in wider energy-transition strategies introduces an interesting new dynamic to renewable and clean energy investment.
Vortex Energy IV, which is targeting $700m, is looking to invest across the energy transition spectrum in Europe, North America and Australia.
The fund, which is believed to be targeting about €500m, is set for a first close before the end of the year.
The industry veteran will lead a new capital formation team at Quinbrook, having previously served as managing director at BlackRock.
In trying to deliver investor certainty and climate relief with its Sustainable Finance Taxonomy, the EU has come up with a solution which may well do the opposite.
After securing a $1bn first close at the end of 2019, the global renewables fund reached an ‘inflection point’ last summer, according to head of renewables David Giordano.
The fund will target renewable assets in both Europe and North America and is open to further commitments from additional investors.
The survey by Linklaters also found seven in 10 respondents saying covid-19 has changed how they manage risks.
It will be critical for those investing in infra - directly or indirectly - to adopt measures both at the portfolio and firm level to reduce emissions.