Terra Firma plans RE fund – reports

Guy Hands

Guy Hands

Terra Firma, the group owned by private equity tycoon Guy Hands, is looking to launch a $3bn (£2.6bn) renewable energy fund.

It is understood that Hands is seeking to raise a new fund called the Terra Firma Fund for Global Renewable Energy Infrastructure, targeting investments in the US, the Middle East, France and Italy.

Reports suggest the fundraising is evidence of mounting institutional interest in such assets as wind farms, with the China Development Bank (CDB) contributing to the fund.

Recharge understands this new fund is entirely separate from a planned £3bn ($4.8bn) renewables-focused investment fund – also with Chinese backing – reported in November 2012. 

Earlier this month it emerged that Terra Log in to read complete article.

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