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Generate Capital raises $1 billion for renewable energy infrastructure development

The floodgates are open once again for fund investing in renewable energy projects and technology.

Generate Capital, the renewable energy infrastructure investor, has raised more than$ 1 billion for brand-new assignments from groupings of investors focused on infrastructure — including AustralianSuper, QIC, Railways Pension, among others.

The new financing gas project development for sustainable infrastructure that serves more than 400 companies, universities, clas districts, and non-profits across North America. Over the last five years, Generate has built more than$ 1 billion in sustainable programmes in the energy, debris, ocean and transport industries.

Alongside the funding, Generate supplemented onetime New York State Energy Research and Development Authority chairman, Richard Kauffman, and Lynn Jurich, the co-founder and chief executive of Sunrun to the Generate board of directors.

The investment and project development firm spouses with assignment makes on artillery storage, community, commercial-grade and industrial solar energy; energy efficiency, vehicle electrification; gasoline cell; wastewater medicine; circulated desalination and organic waste management projects.

“At Generate, we are working with the leading founders to bring about an infrastructure revolution, one that is democratized, digitized, decentralized, and decarbonized ,” said Scott Jacobs, the co-founder and chief executive of Generate, in a statement.” This modulation requires an entirely different type of company committed to rebuilding the world: one that is mission-aligned with its countless stakeholders, can provide adaptable, efficient asset solutions to enable more projects to be built, and has the expertise and capacity to manage that infrastructure and deliver those resources — forever — to its customers.”

Read more: feedproxy.google.com

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