Innovative Finance | January 19, 2021

Renewable Resources Group and Capricorn Investment Group float a SPAC

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, January 19 – Investment firms Renewable Resources Group and Capricorn Investment Group have launched Sustainable Development Acquisition I Corp. The special purpose acquisition company, or SPAC, aims to raise $250 million to acquire companies “delivering solutions to global environmental challenges in alignment with the U.N. Sustainable Development Goals,” with a focus on opportunities in agrifood, renewable energy, water, and environmental resource management and infrastructure.

The registered public benefit corporation aims to be the first such “blank check” company to achieve B Corp. certification.