Legal & General (L&G) and NTR have successfully closed the L&G NTR Clean Power (Europe) Fund, securing over €600 million in commitments from institutional investors. The fund, which focuses on clean power infrastructure, aims to drive Europe’s decarbonisation and energy security agenda. It is backed by 13 investors from Europe and Japan, including pension funds, insurers, sovereign wealth funds, and more.

Since its launch in 2023, the fund has already deployed nearly 70% of its capital across 1 GW of clean energy projects, including wind, solar, and energy storage assets. The portfolio is already generating revenue through six of its 11 assets, producing 1,631 GWh of clean energy, enough to power 295,000 homes and avoid 187,440 tonnes of CO₂ emissions.

The fund aligns with the European Union’s Sustainable Finance Disclosure Regulation (SFDR) and provides institutional investors an opportunity to contribute to the continent’s energy transition while seeking attractive returns. The fund’s deployment strategy spans different stages of clean energy assets, from development to operation.

Bill Hughes, Global Head of Private Markets at L&G, emphasized that the fund’s success underscores the growing interest in investments that combine strong returns with sustainability objectives. Rosheen McGuckian, CEO of NTR, highlighted the diverse and yielding nature of the fund’s portfolio, which continues to grow with new investments.

With increasing demand for private markets strategies, the L&G NTR Clean Power (Europe) Fund represents a significant step forward in Europe's push for clean energy and sustainability.