Clean Power Transition Funds
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L&G and NTR announced €330 million in commitments at the first close of the L&G NTR Clean Power Transition IV Fund, which will invest in clean power and the electrification infrastructure behind Europe's energy security and decarbonization. This follows their Clean Power (Europe) Fund III, which closed in 2025 at over €640 million.
The fund has already made three acquisitions: a 125 MW/250 MWh battery storage project in Finland, a Swedish clean power platform with over 1 GW of projects, and a 138 MWp solar and 200 MW/400 MWh storage project in Ireland. Together they total about 1.5 GW.
As Europe works toward 46% electrification by 2040, this fund signals a shift in institutional capital toward storage and grid-enabling assets alongside renewable generation.
