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Laxman Pai, Opalesque Asia: Canada is at the forefront of the infrastructure investment landscape. Of the top 20 largest infrastructure investors globally, seven are located in Canada, pointed out Preqin.
Between them, these top institutions have invested a total of $106bn in the infrastructure asset class through both private fund commitments and direct investments, the report on Canadian Infrastructure Investors said.
According to the report, Canada is also home to the world's largest infrastructure investor, CPP Investment Board, a public pension fund running $393bn in assets under management (AUM) with a current allocation to the asset class of $27bn.
The Pan-Canadian Framework on Clean Growth and Climate Change, implemented by the Canadian Government in 2016, identified renewable energy as a sector with high growth potential.
To reduce its carbon footprint, the Canadian Government is targeting 90% of the country's electricity to be generated from renewable and non-emitting sources by the year 2030.
Many investors in Canada have already pivoted away from investments near the wellhead and shifted their focus toward renewables such as hydroelectricity, wind, and solar energy production.
Throughout 2018, only 42% of investor mandates specified a focus on renewable energy. But fast-forward one year to 2019, and the share of total mandates with a focus on renewable energy rose to 57%.
Narrowing in on the current pipeline of funds in market, all Canad...................... To view our full article Click here
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