Direct Investments in Renewable Energy Increasingly Attractive to Pension Funds, Insurers

By Andrew Burger, triplepundit.com:

Institutional investors, such as pension funds and insurance companies, are increasingly investing directly in wind, solar and other renewable energy projects, providing much needed capital to companies in the fast-growing clean energy sector even as banks, still suffering from accumulated bad loans and high debt levels, have tightened lending standards and struggle to raise capital to shore up their finances.

This is particularly true in Europe, where banks find themselves caught in a web of bad debts accumulated from prior their own housing and property lending and investments and subsequent government efforts to bail them out with sovereign debt, which has led them to purchase large amounts of euro zone treasury securities.

Multinational insurer Munich Re’s bought three UK wind farms with a combined 102-MW capacity, boosting the total amount it’s invested in renewable energy projects to more than €600 million ($737 million)… Read more

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