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Tyne and Wear Pension Fund Invests in the Energy Transition in the North Sea

2024-01-09 13:30:30.358000
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The Tyne and Wear Pension Fund, worth £12.5bn, has joined the efforts to transition to renewable energy in the North Sea region. The fund has invested in a fleet of ships owned by North Star to support the Dogger Bank Wind Farm project. These four ships will transport engineers and technicians to the wind farm site, contributing to the development of clean energy infrastructure. The investment was made through a $70m investment in Partners Group's private infrastructure funds. This move aligns with the fund's goal to decarbonize its portfolio by 2050 and its commitment to other renewable energy projects, such as solar farms. Additionally, the Tyne and Wear Pension Fund plans to commit £465m to Border to Coast's Climate Opportunities Fund by March 2025, further supporting the transition to a low-carbon economy. [28e3ee65]

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