TortoiseEcofin has floated an open-ended fund focused on renewable energy investments, on the London Stock Exchange, according to the International Comparative Legal Guides.
Known as Ecofin US Renewables Infrastructure Trust (RNEW), the fund will seek to invest in a mix of renewable energy and sustainable infrastructure assets, with an emphasis on wind and solar energy assets in the United States.
TortoiseEcofin has so far raised $125 million for the fund through an IPO, which is expected to contribute to the decarbonization of the U.S. energy grid.