Brookfield transition fund hits $15bn
Fund aimed at decarbonising industries and scaling up clean energy is largest of its type dedicated to transition, asset manager says
Canada-based Brookfield Asset Management says it has created the world’s largest private fund dedicated to investing in the transition to net zero, with $15bn of capital raised. The Brookfield Global Transition Fund, which is aimed at clean energy and industrial decarbonisation, has now closed to institutional investors but remains open to a limited pool of private investors. About $2.5bn of the fund has already been deployed or allocated to projects—including the acquisition of US and German solar power and battery developers with a combined development pipeline of about 25GW. The fund has also invested in a carbon capture and storage developer to fund the rollout of the technology across e
Also in this section
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation
11 April 2024
Volatile allowance prices and small size of voluntary market undermine ability to drive investment, says Oxford Institute for Energy Studies
8 April 2024
Chevron New Energies is lead investor in funding round by Colorado-based provider of post-combustion capture technology