The Ireland Strategic Investment Fund (ISIF) dedicates €278m to three climate-focused investments, showcasing its commitment to green initiatives.
Copenhagen Infrastructure V, managed by Copenhagen Infrastructure Partners (CIP), receives €200m from ISIF, emphasizing CIP’s leadership in renewable energy ventures.
CIP specializes in greenfield renewable energy investments, spanning offshore wind, energy storage, and solar projects across various regions.
Notably, CIP secured 500MW capacity in Ireland’s inaugural offshore wind energy auction, highlighting its significant presence there.
Partnering with Statkraft, CIP plans to develop an offshore wind project in the north Irish Sea capable of powering half a million homes.
ISIF allocates €50m to Impax New Energy Investors IV Fund, signalling its collaboration with renewable energy developers like BNRG and Rengen Power.
Impax focuses on investing in and building renewable energy assets, aligning with ISIF’s goal of promoting sustainable energy solutions.
ISIF invests $30m into ArcTern Ventures Fund III, supporting startups leveraging technology to address climate and sustainability challenges.
ArcTern Ventures Fund III targets innovations in energy, transport, industry, and food sectors, reflecting ISIF’s diverse approach to climate investments.
Nick Ashmore, ISIF director, emphasizes the importance of climate investments in accelerating the transition to Net Zero emissions and achieving environmental goals.
ISIF’s commitment to climate ventures totals €636m over the past three years, underscoring its dedication to green initiatives and sustainable development.
With a target of investing €1 billion in green ventures by 2026, ISIF remains steadfast in its mission to drive positive environmental impact and foster a sustainable future.
The investments demonstrate ISIF’s strategic approach to addressing climate change by supporting projects that reduce carbon emissions and promote renewable energy sources.
By partnering with established funds like Copenhagen Infrastructure Partners and Impax, ISIF leverages their expertise to maximize the impact of its investments in the renewable energy sector.
Through these initiatives, ISIF aims not only to generate financial returns but also to contribute to the global effort to combat climate change and build a more sustainable future for future generations.
These investments contribute to reducing carbon emissions, creating jobs, and stimulating economic growth in the renewable energy sector.
ISIF’s commitment to climate-friendly investments aligns with Ireland’s national climate action plan and contributes to the country’s efforts to achieve its climate targets.
The fund’s investments in renewable energy projects also help diversify Ireland’s energy sources, reducing dependence on fossil fuels and enhancing energy security.
