Energy Infrastructure Investor – Generate Capital has recently announced a budget of $1 billion to finance its latest projects from a group of investors which include AustralianSuper, QIC, Railways Pension, among others.
Sources suggest the new financing fuel project development for sustainable infrastructure can serve more than 400 companies, school districts, non-profit organizations and universities across North America.
According to news, Generate has made more than $1 billion over the past five years focusing especially on sustainable projects in the energy, waste, water and transportation industries.
Furthermore, the company has also extended its team of board of directors for the upcoming endeavors, these include former New York State Energy Research and Development Authority chairman, Richard Kauffman, and Lynn Jurich, the co-founder and chief executive of Sunrun to the Generate board of directors.
The company especially collaborates with project developers on community, commercial, battery storage, industrial solar energy; energy efficiency, vehicle electrification; fuel cell; wastewater treatment; distributed desalination, and other organic waste management projects.
With regards to the latest development, Scott Jacobs, the co-founder and chief executive of Generate said, “At Generate, we are working with the leading pioneers to bring about an infrastructure revolution, one that is democratized, digitized, decentralized, and decarbonized. This transition requires an entirely different type of company committed to rebuilding the world: one that is mission-aligned with its many stakeholders, can provide flexible, efficient capital solutions to enable more projects to be built, and has the expertise and capacity to manage that infrastructure and deliver those resources — forever — to its customers.”