William Eichler 13 October 2023

Local authority pension schemes invest £330m in renewables

Local authority pension schemes invest £330m in renewables image
Image: docstockmedia / Shutterstock.com.

Six local authority pension schemes have agreed a multi-million-pound deal to invest in renewables projects in the southwest.

The £330m commitment with Schroders Greencoat, the specialist renewables manager of Schroders Capital, will see the Local Government Pension Schemes (LGPS) – part of the Brunel Pension Partnership – investing in renewable infrastructure and energy.

The investment is targeted in the counties of Dorset, Somerset, Avon, Cornwall, Devon, Wiltshire, Oxfordshire, Buckinghamshire and Gloucestershire.

Jennifer Devine, head of Wiltshire Pension Fund representing the fund’s LGPS partners, said: ‘We are thrilled to be involved in this collaboration with other LGPS funds. Together we can use our scale to make a substantial, widespread positive impact, actively investing in and benefiting from the transition to a low carbon economy.

‘To be able to deliver this impact across the southwest and support business and societies in greening their grid is fantastic. We’re delighted to be working with Schroders Greencoat again and levelling up our impact across the region.’

If this article was of interest, then check out our feature, 'Navigating the great LGPS investment reset'.

SIGN UP
For your free daily news bulletin
Highways jobs

PRINCIPAL TRANSPORT PLANNING OFFICER

Hull City Council
£43693 - £46731
We have an exciting opportunity for an experienced professional to join our team in Hull as a Principal Transport Planning Officer. Kingston upon Hull, East Riding of Yorkshire
Recuriter: Hull City Council

HIGHWAYS AND TRAFFIC ENGINEER - 4 POSTS

Hull City Council
£43693 - £46731
We have several exciting opportunities for suitably qualified Highways Civil Engineers and Traffic Engineers Wilson Centre, 1st floor, Hull HU1 2AG
Recuriter: Hull City Council

Strategic Director, Finance and Resources (S.151 Officer)

Blackburn with Darwen Borough Council
£110,799 - £120,706
Blackburn with Darwen is a distinctive, welcoming and vibrant borough with a strong identity and a genuine buzz about the place. Blackburn, Lancashire
Recuriter: Blackburn with Darwen Borough Council

Residential Worker, Edge of Care Service

Durham County Council
Grade 7 £29,093 - £32,654 PAY AWARD PENDING
Join a Groundbreaking Team Supporting Families in Seaham Salary
Recuriter: Durham County Council

Bikeability Cycling Instructor

Durham County Council
Grade 4 £24,790 to £25,992 pro rata (Pay Award Pending)
The Road Safety Team are keen to recruit additional Casual Bikability Instructors to join our team of instructors delivering Bikeability cycle trainin Durham
Recuriter: Durham County Council
Linkedin Banner