What we invest in: US renewable energy fund, Excelsior
21 July 2023
There’s good reasons to invest in renewable energy, explains Ed Tomlinson.
As I’ve mentioned in previous articles, smartMonday is focused on diversifying investments, particularly reducing sharemarket exposure given current market conditions, so one of our latest investments, in a renewable energy fund, is a perfect fit.
This year we’re beginning an investment in a North American renewable energy infrastructure fund – Excelsior Renewable Energy Investment Fund II LP – which will be allocated to our MySuper and active Choice investment options.
(A renewable energy investment fund attracts investors and allocates capital toward renewable energy projects or companies. This supports the development of renewable energy technologies and infrastructure, and allows investors to participate in the renewable energy sector.)
This Excelsior fund is based in the United States and steered by expert managers in renewable energy investments who manage other funds of this nature. Its focus is in small to mid-sized wind and solar energy generation and energy storage projects.