Brunel Pensions Partnership targets net-zero as Nest accelerates renewable energy investment edie.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from edie.net Daily Mail and Mail on Sunday newspapers.
By Sophie Smith
15/3/21
Nest has appointed Octopus Renewables to boost its investment in clean energy infrastructure, with £250m expected to be committed this year in the UK and Europe, as part of a potential £1.4bn investment by the end of the decade.
By investing directly in green energy generation, Nest stated that it will secure “stable, long-term returns” for pension savers, whilst also achieving its ambition of becoming a net-zero carbon investor.
The mandate will target deployment into renewable energy projects and the associated infrastructure, predominantly in the UK and Europe, to support the transition to a net-zero economy.
As part of this, Octopus Renewables will arrange investment deals directly with the owners of renewable infrastructure projects, negotiating bespoke deals to ensure members are suitably rewarded for injecting new funding.