It expects to provide investors with an initial dividend yield of 6% on investment, which is evidently a sufficient incentive to attract institutional public investors. The fund closed its first acquisitions alongside the IPO, purchasing stakes in four wind farms from SSE in a deal worth about GBP 140 million. The UK GIB matched Greencoat’s investment in the Rhys Flats wind farm, buying a 24.95% stake in the project for GBP 57.5 million in the first time it has contributed direct equity to an offshore wind farm. The statement was co-ordinated by the four investor groups on climate change - Ceres’ Investor Network on Climate Risk (INCR) in the U.S., the European Institutional Investors Group on Climate Change (IIGCC), the Investors Group on Climate Change (IGCC) in Australia and New Zealand, and the Asia Investor Group on Climate (AIGCC) along with the United Nations Environment Programme Finance Initiative (UNEP FI) and Principles for Responsible Investment (PRI).