Powering Europe’s energy transition: L&G and NTR raise over €600m in final close of L&G NTR Clean Power (Europe) Fund

• Legal & General (L&G) and NTR have secured total commitments of over €600m[1] to drive Europe’s ambitious decarbonisation and energy security agenda.
• 13 institutional investors from Europe and Japan are participating in the Fund, including pension funds, insurers, sovereign wealth funds, banks, fund managers, endowments and foundations.
• The Fund invests in clean power infrastructure assets at different lifecycle stages across Europe and is already generating revenues through six of its 11 assets.
• Portfolio commitments to date can generate 1,631 GWh of clean energy, equivalent to powering over 295,000 homes[2].

Global investor Legal & General (L&G) and leading renewable energy specialist NTR have announced total commitments of €607m1 at the final close of the L&G NTR Clean Power (Europe) Fund (‘the Fund’), which invests private capital in clean power infrastructure assets to support Europe’s ambitious decarbonisation and energy security agenda.

As an Article 9 fund under the European Union’s Sustainable Finance Disclosure Regulation (SFDR), the Fund seeks to offer attractive returns alongside a sustainable development objective: promoting the transition to a low carbon and more sustainable future. A diverse group of investors from across Europe and Japan have committed to the Fund, spanning pension funds, insurers, sovereign wealth funds, banks, fund managers, endowments, and foundations.

The strong participation in the Fund – which is already generating revenue through six of its 11 assets – reflects increasing investor demand for strategies that offer not only strong returns but also alignment with their sustainability objectives and with long-term trends. That participation includes recent investment from the Ireland Strategic Investment Fund (ISIF), whose mandate is to invest on a commercial basis in a manner designed to support Irish economic activity and employment.

You can now read the full press release at the link below