Fund will seek to invest “in a number of projects” of Ireland, with a focus on greenfield new build projects.
Minister for Finance Paschal Donohoe: ISIF is delivering on its mandate to create jobs and growth, he said. Photograph: Dara Mac Dónaill has announced that it is launching a new private markets fund that will invest in energy transition infrastructure assets across Europe, with a particular focus on Ireland.The fund will be seeking to invest “in a number of projects” of Ireland, it said, with a focus on greenfield new-build projects.
The announcement expands on an existing relationship between ISIF and Schroders Greencoat, with ISIF becoming an anchor investor in the initial public offering of Greencoat Renewables plc in 2017. The balance of capital raised for the fund has come from funds managed by Schroders Greencoat, as well as from the European insurance sector and a Japanese utility.
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