According to ESG News, Greencoat Renewable Income LP (GRI) is the biggest safe income fund in the United Kingdom. It specializes in investments that, over time, produce steady, inflation-protected income from renewable infrastructure assets located in the United Kingdom.

These resources include bioenergy, solar, wind, and other energy transition infrastructure like green hydrogen electrolysis and heat pumps.

GRI has a history of investing more than £1 billion into over 165 properties in the UK. Some of its most notable recent ventures include ownership positions in noteworthy initiatives such as offshore wind farms, district heating platforms, solar portfolios, and hydrogen infrastructure.

With the EAPF pledge, GRI's total assets rise to £1.35 billion. The fund is scheduled to end in December 2024.

The commitment made by Local Government Pension Schemes (LGPS) such as EAPF to impact-focused investments in UK renewable infrastructure is demonstrated by this investment, which is in line with their net-zero strategy, climate ambitions, and the UK government's leveling up goals.

"Renewable infrastructure assets are the backbone of the energy transition and Schroders Greencoat, as the largest asset manager of operational wind and solar assets in the UK, is able to offer its clients direct access to these opportunities with long-term reliable, inflation-linked cashflows via a diversified strategy," said Tatiana Zervos, portfolio manager at Schroders Greencoat.

Due to our track record, we are a reliable partner for significant investors like the EAPF, and we are excited to expand on our partnership with Brunel, which began with the fund's establishment in 2019."

"Leading the UK transition to a low carbon economy in partnership with Brunel, Schroders Greencoat, and the GRI fund was a natural fit for EAPF," said Craig Martin, Chief Pensions Officer of the Environment Agency Pension Fund. Our goal has always been to reach 17% AUM in climate solutions by 2025. This funding will boost the UK's leveling up goal and assist us in achieving this. We are eager to collaborate with the group and our investors as Brunel partners to expand UK renewable energy.