Welsh local retirement scheme Clywd Pension Fund has reappointed private equity group Capital Dynamics to invest in clean energy projects in Wales. Through a separately managed account, Capital Dynamics will invest in low-carbon energy infrastructure under the Welsh government’s National Development Framework. The investments will contribute to the government’s target of drawing 100% of its electricity from renewable sources by 2035, Capital Dynamics said in a statement. “Re-engaging Capital Dynamics for our clean energy impact strategy in Wales reaffirms our trust in their expertise and underscores our commitment to delivering long-term, sustainable investment returns,” said Philip Latham, Head of Clwyd Pension Fund. Capital Dynamics first entered the UK clean energy market in 2010, and has since acquired 30 projects with a combined gross capacity of approximately 500 megawatts. “This clean energy investment mandate aligns closely with the newly elected UK government’s mission to reduce electricity bills, create local skilled jobs in industrial heartlands, and achieve British energy security once and for all,” said Barney Coles, Co-head of Capital Dynamics Clean Energy.
