U.K. Pension Fund Nest to Invest $347 Million in Renewable Power
- Nest will invest the money through Octopus Renewables
- Institutional investors are increasingly focused on climate
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Nest Corp., the U.K.’s biggest pension fund by members, will invest 250 million pounds ($347 million) in renewable energy through a partnership with investment manager Octopus Renewables.
Nest’s managers are looking to diversify the fund’s holdings and support the transition toward clean energy. It’s part of a growing wave of investment by institutional investors into renewable energy assets.