Assets Spur Growth in UK’s Renewable Energy

Impax Group launched its New Energy Fund ($153 million), a private equity fund targeting investments in projects in the renewable energy and related sectors, predominantly in Western Europe.

“This is an exciting time for investors in renewables and for Impax. Our New Energy Fund will invest in an array of projects across a wide range of countries. We’re not talking about blue sky technologies, but about commercial projects using proven technologies and energy sources such as wind, hydropower, co-generation, biomass and landfill gas,” Ian Simm, Impax’s Group Chief Executive said. The New Energy Fund, which will be managed by Impax Asset Management, aims to exploit the significant investment opportunities in Europe arising from legally binding targets for renewable energy supply. The team has already identified many investment opportunities. “The launch of the new fund is a major milestone for the Group. Impax is now managing money for over fifty major institutional investors in an exciting growth market. We have an established track record of investment, and, with scaleable products, we are well positioned for growth,” said Keith Falconer, Impax chairman. The New Energy Fund takes the Impax Group’s funds under management and advisory to over $269 million, making it one of Europe’s biggest and most experienced investors in renewables and other environmental technologies.
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