Macquarie Raises $1.1 Billion to Invest in U.K. Power Projects

Macquarie Group Ltd. raised 739 million pounds ($1.1 billion) for its infrastructure fund to invest in U.K. low-carbon power projects.

The money is for the inflation-linked Macquarie Infrastructure Debt Fund, the bank said in an e-mailed statement on Monday. It’s raised a total of 2.5 billion pounds and channeled 342.5 million pounds into ground-mounted and rooftop solar projects and U.K. onshore winds farms. The fund started in March last year, according to the company’s website.

Macquarie has seen demand from U.K. and European investors and increasing interest elsewhere, Andrew Robertson, co-head of Macquarie Infrastructure Debt Investment Solutions, said in the statement. “The speed of development and acceptance from borrowers has been strong.”

The bank is considering more investments in power, regulated utilities and clean energy industries, according to the statement.

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