Aquila Capital’s European Renewables Income Fund has raised €154m ($171m) from its London IPO. The figure was around half what the fund had previously indicated it wanted to raise, but chair Nina Chestney said the firm was “extremely pleased” considering the “challenging political and economic environment”. The fund will invest in renewable energy projects including wind, solar and hydro in Europe and Ireland.
Aquila Capital’s European Renewables Income Fund has raised €154m ($171m) from its London IPO. The figure was around half what the fund had previously indicated it wanted to raise, but chair Ian Nolan said the firm was “extremely pleased” considering the “challenging political and economic environment”. The fund will invest in renewable energy projects including wind, solar and hydro in Europe and Ireland.