Environmental investment manager Climate Change Capital has predicted that “a complete overhaul of energy infrastructure” will need “considerable amounts of private capital”, and has formed a European renewable energy infrastructure asset management team.
Climate Change Capital’s chief executive Shaun Mays said: “With our partners in the EU increasingly committed to stricter emissions targets and a new UK government, it has become clear that this will mean a massive change in the way we make and consume energy.
“The complete overhaul of the energy infrastructure will need considerable amounts of private capital to finance it. We are delighted to have attracted someone of Stephen Lilley’s experience and expertise to help us contribute to these projects.”
The new asset management team is headed by Stephen Lilley, until recently one of the principals in the European infrastructure fund run by M&G/Prudential Group.
Mr Lilley said: “The investment needs in renewable generation over the coming years present a significant challenge.”