The UK’s GLIL Infrastructure has raised £1.2 billion from its Local Government Pension Scheme members and workplace pension provider Nest for investment in a diverse infrastructure portfolio that includes renewable energy production and energy transition infrastructure. It is the largest single amount raised by the fund since it was established in 2015 to drive direct investment in core UK infrastructure and support the long-term objectives of pension funds and local authority pooling. “We support the UK’s energy transition and work consistently to identify sustainable, cost-effective assets that provide reliable returns for many years to come,” said COO Ted Frith. GLIL recently acquired a majority investment in Invis Energy’s portfolio of operational onshore wind farms that provide around 11% of the Republic of Ireland’s installed wind capacity, its first major transaction outside of the UK.
GLIL secures a record £1.2bn fundraising to drive UK infrastructure investment. Total now £3.6bn, with £2.1bn already deployed across renewable energy production, energy transition infrastructure, schools, hospitals, trains, water, ports etc. Read more: https://t.co/negwqUy6qs pic.twitter.com/gs2Yqd5qas
— Local Pensions Partnership Investments (@LPPInvestments) April 22, 2022