Swedish pension fund Andra AP-fonden (AP2) said it contributed SEK 500 million ($58 million) in BlackRock’s Climate Finance Partnership (CFP) fund, which closed on Nov. 2 with $673 million in capital commitments.
CFP will invest in sustainable infrastructure in developing countries focusing on renewable energy with associated infrastructure, such as electricity grids and battery storage.
In addition to AP2, the French Development Agency (AFD), the German development bank KfW, as well as three U.S. foundations — Hewlett Foundation, Quadrivium Foundation and Grantham Environmental Trust — invested in CFP.
“We are pleased to invest in the Climate Finance Partnership, which aims to make investments that have a positive impact on the climate and sustainable development and accelerate the global transition to a low-carbon economy,” said Helena Olin, head of real ass
