US$1.95 billion raised for Macquarie energy transition fund
Macquarie Asset Management’s energy transition solutions fund has raised US$1.95 billion.
The fund is aiming to finalize fundraising by early Q2 2024, which signifies strong investor interest and potentially faster deployment of capital towards clean energy projects. Macquarie is set to exceed its initial target of EUR 2 billion (USD 2.17 billion) for the Energy Transition Fund. It received a US$300 million commitment from the Texas Permanent School Fund. The fund is investing up to US$325 million in green-nitrogen fertilizer plants in the US and Latin America via Atlas Agro.
Country updates
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January 23, 2024
Chesapeake Energy to Acquire Southwestern Energy in US$7.4 billion Deal
Chesapeake Energy has entered into an all-stock acquisition agreement with smaller rival Southwestern Energy valued at US$7.4 billion. The fusion of Chesapeake Energy and Southwestern Energy is...
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January 19, 2024
Commercial Operation Achieved for 828 MWp Lumina Solar Project in Texas
Intersect Power, LLC has announced the commencement of commercial operations at its Lumina Solar project in Scurry County, Texas, USA. The Lumina project, with a generation capacity of 828 MWp/640 MW...
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January 19, 2024
US$1.2 billion dedicated Climate Fund achieved Final Close
I Squared Capital has announced that it has closed its first dedicated Climate Fund set up in conjunction with U.S. International Finance Development Corporation (DFC). DFC will contribute US$3...
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January 18, 2024
Construction completed for 26.3 MW Solar farm in Illinois
Ameresco, Inc. has announced that it has completed its 26.3 MW Solar farm in DePue, Bureau County, Illinois, USA. The development of this project started in 2019 and will contribute t...
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January 17, 2024
PPA signed for 471 MW Solar Project in Texas
Ørsted has announced the signing of an 80 MW power purchase agreement (PPA) with Bloomberg for renewable energy generated by the Mockingbird Solar Center, a 471 MW project located in Lamar Coun...
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