Climate Finance | October 28, 2022

ImpactAlpha Deal Spotlight: Climate and green infrastructure

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, October 28 — Expectations may be low for the COP27 global climate summit, which kicks off in Sharm El Sheikh, Egypt next month. But private climate fund managers continue to raise large funds.

This week, Antin Infrastructure Partners closed on more than $5 billion for its fifth green infrastructure fund for investments in energy, telecom, transport and social infrastructure in Europe and North America. Separately, London-based Acre Impact Capital secured a $40 million commitment from the European Investment Bank toward its $200 million target for a climate debt fund for  green infrastructure in Africa. 

Climate tech

The world’s most valuable company, Saudi Aramco announced a $1.5 billion venture fund to invest in carbon capture and storage, low-carbon fuels and other technologies.

In the U.S., Lowercarbon Capital raised $250 million to double down on fusion energy. Boston-based Propeller Ventures raised $100 million for a climate tech fund that will invest in early-stage companies with ocean-based solutions.

And Singapore- and Paris-based Shift4Good’s global sustainable mobility impact fund secured $98 million from investors including European Investment Fund and Bpifrance