Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Impax May Invest in North American Clean Power From Second Fund

Feb. 20 (Bloomberg) -- Impax Asset Management Group Plc, a London-based firm overseeing about $3.9 billion, will consider investing part of its second fund in North American renewables.

Money left from the 330 million-euro ($450 million) fund should support about 100 megawatts of onshore wind and solar in places from Italy, Germany, France, Finland and Ireland to North America, Chief Executive Officer Ian Simm said in an interview.

“The North American market is very well developed and it has some great developers and service providers,” Simm said in London. “There are plenty of opportunities and it is possible to find some quite interesting pricing.”

Impax plans to invest the less than 40 percent of its New Energy Investors II fund remaining in the next 12 to 15 months, Simm said. “We’re currently considering several options for new vehicles and products and how best to serve our clients.”

The fund, counting the European Investment Bank and Finnish State Pension Fund among investors, in September bought two wind farms totaling 78 megawatts in Finland from Fortum Oyj and owns solar in Italy. Onshore wind and solar remain the lowest risk, with the best track record and equipment supplies, Simm said.

To contact the reporter on this story: Louise Downing in London at ldowning4@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.