The floodgates are once again open for capital investments in renewable energy and development ventures. Generate Capital, the investor in renewable energy infrastructure, has raised over $1billion from a consortium of infrastructure-focused investors including AustralianSuper, QIC, Railways Pension, among others.
The new funding drives sustainable infrastructure project creation that supports more than 400 corporations, colleges, school districts and non-profits throughout North America.
Generate has invested more than $1 billion over the last five years in sustainable investments in the coal, waste, water and transportation industries. In addition to funding, Generate announced the addition of Richard Kauffman, a former chairman of the New York State Energy Research and Development Authority, and Lynn Jurich, Sunrun’s co-founder and chief executive, to its board of directors.
Investment and infrastructure development firm works with project developers on battery storage, community, commercial and industrial solar energy; energy efficiency; electrification of vehicles; fuel cells; disposal of wastewater; regional desalination and management of organic waste.
“We are collaborating with the leading pioneers at Generate to bring about a revolution in technology that is democratized, digitized, decentralized and decarbonized”, said Scott Jacobs, Generate’s co-founder and chief executive, in a statement.
”This transformation calls for a completely different type of organization dedicated to rebuilding the world: one, that is consistent with its many stakeholders’ mission, can provide scalable, efficient capital solutions to allow more projects to be developed, and has the skills and ability to manage the infrastructure and deliver those resources to its customers-forever.”
source – here