Renewable Energy supported by London Pension Fund Authority

Meeting: 
MQT on 2018-02-22
Session date: 
February 22, 2018
Reference: 
2018/0456
Question By: 
Leonie Cooper
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

What renewable energy projects are directly supported by the London Pension Fund Authority?

Answer

Answer for Renewable Energy supported by London Pension Fund Authority

Answer for Renewable Energy supported by London Pension Fund Authority

Answered By: 
The Mayor

As of the end of December 2017 the LPFA had a c. 2.2% exposure in Cleantech assets. The majority of this exposure was through direct and indirect Infrastructure, Credit and Private Equity assets.

Direct assets where LPFA is invested in include:Investment into Clyde Wind Farm (second largest onshore wind farm in the UK);Portfolio of Bi-energy (several sites across the UK consisting of anaerobic digestion, Energy from waste, etc.);Biomass power plants in Australia (Cape Byron);Portuguese onshore wind assets alongside EDF (Guild Investments); and UK solar co-operative (Westmill Solar).

Indirect assets where LPFA is invested in include:Foresight Environmental Fund; Impax renewable energy Funds I and II; Glenmont Clean Energy Fund; InfraRed Environmental Infrastructure Fund II; Capital Dynamics Clean Energy & Infrastructure Fund; I Squared Global Infrastructure Fund II; Zouk Cleantech Funds I & II; and Robeco Cleantech Fund II.