NN Group and Rivage Investment have launched an article 9 sustainable infrastructure debt fund.
The Rivage Private Debt Fund for Infrastructure Climate Solutions seeks to finance infrastructure assets that provide solutions to the considerable challenges raised by climate change. The fund focuses on European projects in the wind, solar, hydro, public transport, EV charging, batteries and energy management solutions sectors.
With ambitious sustainability targets, the Infrastructure Climate Solutions Fund will combine different types of debt financings for sustainable infrastructure assets in Europe. The fund aims to catalyze the transition to a resilient low-carbon economy by contributing to the green-infrastructure financing necessary to reach global climate goals.
NN Group is committing €300 million ($318 million) to the fund, and Rivage will invest in the fund alongside NN.
“Contributing to sustainable energy solutions is a core objective of NN Grou