Infrastructure fund in renewable sector deal

The Irish Infrastructure Fund has completed its first investment in the renewable sector by acquiring majority interest in the portfolio of wind farms from Viridian Group for an undisclosed fee.

Infrastructure fund in renewable  sector deal

The fund was established in 2011 by Irish Life Investment Managers, with AMP Capital appointed as discretionary investment manager and the National Pensions Reserve Fund as a cornerstone investor.

The NPRF has already contributed €300m and the fund will seek up to €1bn from global and Irish institutional investors.

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