Generate Capital’s $1 billion raise draws global infrastructure funds to cleantech - cleantech perspectives @ Clixoo
Generate Capital, the cleantech infrastructure investor, has revealed that it had raised $1 billion in equity and debt finance. Its success holds important lessons for cleantech financing.
Xoo: If pension funds have started investing in cleantech, there must be something afoot!
Moo: Like what? Have cleantech investments finally made it to investment grade?
Xoo: It could be that, or it could be that investments in conventional power have gotten risker. As a result, even if cleantech projects are no less risky than what they were a few years back, their risk profiles might have achieved parity with conventional power in relative terms.
Moo: Well Xoo, categories such as fuel cells still appear far from considered even reasonably safe investments.
Xoo: You speak words of wisdom, Moo. I presume funds such as Generate will have different grades of asset classes - horses for the courses.
Moo: This is still very good news, Xoo.
Xoo: Good news, of course, but very good? Too early to say. A billion dollars might be a heck of lot of money for les miserables like us, but is chump change when compared to total funds available for investments, which runs into tens of trillions of dollars.
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