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Macquarie Raises Almost $2 Billion for Renewable Energy Fund

  • Funds exceeded 1 billion-euro target with 32 investors
  • Fund will invest in solar and wind projects across the world
Photovoltaic Cells
Photographer: Andrey Rudakov/Bloomberg
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Macquarie Group Ltd.’s green investment arm raised 1.6 billion euros ($1.94 billion) for a renewable energy fund.

The company’s Green Investment Group Renewable Energy Fund 2 closed after exceeding its target of 1 billion euros and received commitments from 32 pension funds and insurers from largely the U.K. and Germany, as well as from some sovereign wealth funds, according to a statement.