Lighthouse launches new fund
Lighthouse Infrastructure Group has joined forces with Viridis Energy Capital for a new clean energy fund.
The Lighthouse Viridis Clean Energy Development Fund will invest in clean energy technologies such as wind, geothermal, solar, coal, steam, methane and natural gas projects.
The fund will be available to wholesale investors although no investment limits have been released at this stage.
Lighthouse managing director Mitch King said clean energy would become an important part of the infrastructure market.
“Lighthouse expects the joint venture with Viridis will produce a significant number of investment opportunities for investors in the fund,” he said.
Viridis already manages a clean energy infrastructure fund listed on the ASX that has invested in 52 projects around the world.
The company’s chief executive officer, Edward Northam, said clean energy is forecast to represent 50 per cent of new electricity capacity by 2030 if governments meet their renewable energy targets.
“The forecast growth in the world’s renewable energy capacity over this period is the equivalent of installing new generation capacity equal to Australia’s entire current system capacity every nine months,” he said.
Lighthouse has completed more than 20 infrastructure transactions globally and invested in excess of $1 billion in unlisted infrastructure assets.
Recommended for you
Sequoia Financial Group has announced it is selling off its Informed Investor subsidiary which it acquired in April 2022.
Wealth Data has examined which advice business model has seen the most growth since the start of the year including those that offer holistic advice.
Research conducted by Elixir Consulting and Lonsec has quantified the efficiency gains of using managed accounts in financial advice practices in hours per week saved.
With only one-quarter of advice practices actively seeking feedback from clients, the Financial Advice Association Australia has emphasised why this is a critical tool for client retention.