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Global green asset manager makes first U.S. investment, expects more interest amid Biden presidency

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President-elect Joe Biden’s ascension to the presidency will encourage more renewable energy projects in the U.S. International investors are taking note.

Greencoat Capital, a global renewables investment manager with $8 billion in assets under management, just announced its first U.S. investment after eight years operating across the U.K. and Europe.

The firm is taking a 24% stake in four onshore wind farms located in coastal South Texas that together have a total installed capacity of 861 megawatts. That is roughly enough to power all of Houston for a year, according to the firm.

Greencoat Capital had been eyeing the U.S. for the last 18 months, said…



Source cnbc.com

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