Generate Capital exceeding a billion dollars for investments in a fresh set of renewable energy infrastructure projects.
FREMONT, CA: Generate Capital, the famous investor in renewable power infrastructure, increased more than $1 billion for recent projects from a group of investors mainly focused on infrastructure. The investors include Australian Super, Railways Pension, QIC, and others.
The doors for investments in renewable energy projects and technology have been opened as a collection of funding in the latest round closes. The newest game of funds fuels project developments for sustainable infrastructure that supplies more than 400 companies, school districts, universities, and non-profit organizations in North America.
Over the past five years, Generate Capital has made more sustainable projects worth more than $1 billion in all domains, comprising energy, water, waste, and transportation industries.
The investment and project development firm takes up project developers on battery storage, community, industrial, and commercial solar energy, vehicle electrification, energy efficiency, fuel cells, distributed desalination, wastewater treatment, and organic waste management projects.
Scott Jacobs said, the co-founder and chief executive of Generate, “At Generate, we are employed with the leading pioneers to cause an infrastructure revolution, democratized, digitized, decentralized, and decarbonized,” in a statement. “This transition needs an entirely new type of company committed to rebuilding the world: one that is mission-aligned with its many stakeholders, can give flexible, efficient capital solutions to allow more projects to be constructed, and has the expertise and capacity to handle that infrastructure and provide those resources — forever — to its customers.”
“As a stable capital source, we, by definition, have a minimum cost of capital that we can bring into the market.” Lynn Jurich, chief executive from solar company Sunrun, and delegates from QIC and AustralianSuper have united Generate’s board as a share of the funds. Richard Kauffman, New York state’s top power official, was also named committee chair. A senior investment director at AustralianSuper, Derek Chu, argued that Generate had “prepared a novel approach to investing in and managing distributed, supportable infrastructure, delivering real results and a leadership position in this emerging market.”
