Macquarie Raises $1.1 Billion to Invest in U.K. Power Projects

(Bloomberg) — Macquarie Group Ltd. raised 739 million
pounds ($1.1 billion) for its infrastructure fund to invest in
U.K. low-carbon power projects.

The money is for the inflation-linked Macquarie
Infrastructure Debt Fund, the bank said in an e-mailed statement
on Monday. It’s raised a total of 2.5 billion pounds and
channeled 342.5 million pounds into ground-mounted and rooftop
solar projects and U.K. onshore winds farms. The fund started in
March last year, according to the company’s website.

Macquarie has seen demand from U.K. and European investors
and increasing interest elsewhere, Andrew Robertson, co-head of
Macquarie Infrastructure Debt Investment Solutions, said in the
statement. “The speed of development and acceptance from
borrowers has been strong.”

The bank is considering more investments in power,
regulated utilities and clean energy industries, according to
the statement.

To contact the reporter on this story:
Louise Downing in London at
ldowning4@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Claudia Carpenter, Bruce Stanley

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