Border to Coast Pensions Partnership commits GBP 48.5 million to Capital Dynamics’ Clean Energy UK Fund to finance new renewable energy infrastructure projects in Scotland.

Target Information

Border to Coast Pensions Partnership is the largest Local Government Pension Scheme (LGPS) pool in the UK. On November 13, 2024, it committed GBP 48.5 million to Capital Dynamics’ Clean Energy UK Fund. This investment represents a key milestone as it is the first commitment within Border to Coast’s innovative UK Opportunities portfolio for its Partner Funds. The funds will be utilized to finance the construction of renewable energy infrastructure, focusing primarily on four onshore wind projects located in Scotland, which will collectively generate 193 MW of energy, sufficient to power approximately 46,000 homes upon completion.

Industry Overview in the UK

The UK renewable energy sector has seen significant growth over the past decade, spurred by governmental initiatives aimed at reducing carbon emissions and transitioning towards a more sustainable energy system. The UK's commitment to achieving net zero carbon emissions by 2050 has resulted in increased investments in renewable energy sources such as wind and solar. The onshore wind industry, in particular, has become a vital component of the UK’s energy mix, providing a substantial share of the country's electricity while contributing to local economies.

Moreover, the UK government has implemented supportive policies and financial incentives to attract private investment into the renewable energy sector. The Renewable Energy Guarantees of Origin (REGO) scheme and various su