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    Columbia Threadneedle European Sustainable Infrastructure Fund Continues Build-Out Of Clean Energy Portfolio


    June 16, 2022 - Contify Investment News

     

      The Columbia Threadneedle European Sustainable Infrastructure Fund (ESIF) has added three Swedish wind farms to its portfolio, following the acquisition of Storrun Vindkraft earlier this year. With this latest acquisition, ESIF expands its presence in the Nordic region as it continues to build a diversified, clean energy portfolio. The Bondön, Stigshöjden and Orrberget wind farms are in Sweden’s Luleå (SE1), Sundsvall (SE2) and Stockholm (SE3) electricity price areas. Together, they provide circa 200 GWh of energy per year, equivalent to powering approximately 22,000 Swedish households. Heiko Schupp, Global Head of Infrastructure at Columbia Threadneedle Investments, said: “ESIF’s latest acquisition delivers another milestone in growing and diversifying its clean energy portfolio. As the Nordic power market continues to increase its integration and harmonisation with the wider European markets, this is an important step supporting ESIF’s ability to help reduce carbon emissions and contribute to Europe’s energy transition away from fossil fuels.”

      Original Press Release:

      LONDON, June 13 -- Columbia Threadneedle Investments issued the following news release:

      The Columbia Threadneedle European Sustainable Infrastructure Fund (ESIF) has added three Swedish wind farms to its portfolio, following the acquisition of Storrun Vindkraft earlier this year. With this latest acquisition, ESIF expands its presence in the Nordic region as it continues to build a diversified, clean energy portfolio.

      The Bondön, Stigshöjden and Orrberget wind farms are in Sweden’s Luleå (SE1), Sundsvall (SE2) and Stockholm (SE3) electricity price areas. Together, they provide circa 200 GWh of energy per year, equivalent to powering approximately 22,000 Swedish households[1].

      Heiko Schupp, Global Head of Infrastructure at Columbia Threadneedle Investments, said: “ESIF’s latest acquisition delivers another milestone in growing and diversifying its clean energy portfolio. As the Nordic power market continues to increase its integration and harmonisation with the wider European markets, this is an important step supporting ESIF’s ability to help reduce carbon emissions and contribute to Europe’s energy transition away from fossil fuels.”

      ESIF is Columbia Threadneedle’s open-ended, evergreen fund investing in European mid-market sustainable infrastructure equity assets with the potential to deliver measurable positive environmental and social outcomes.

      The firm’s infrastructure capability is part of its global alternatives business, offering investors liquid and less liquid, diversifying assets. Columbia Threadneedle manages more than £30.5bn/€36bn[2] in alternative assets including infrastructure, real estate (UK, Europe and US), real estate securities, private equity and hedge funds.

      Columbia Threadneedle Investments is a leading global asset manager that provides a broad range of actively managed investment strategies and solutions for individual, institutional and corporate clients around the world.

      We have more than 2500 people including over 650 investment professionals based in North America, Europe and Asia[3]. We manage £531bn / €628bn /$699bn [4] of assets across equities, fixed income, multiasset, solutions and alternatives.

      Our priority is the investment success of our clients. We know investors want strong and repeatable risk-adjusted returns and we aim to deliver this through an active and consistent investment approach that is team-based, risk-aware, and performance-driven. Our investment teams around the world work together to uncover investment insights. By sharing knowledge across asset classes and geographies we generate richer perspectives on global, regional, and local investment landscapes. The ability to exchange and debate investment ideas in a collaborative environment enriches our teams' investment processes to ensure the best insights are applied to portfolios. More importantly it results in better informed decisions for our clients.

      Columbia Threadneedle Investments is the global asset management group of Ameriprise Financial, Inc. (NYSE:AMP), a leading US-based financial services provider. As part of Ameriprise, we are supported by a large and well-capitalised diversified financial services firm. www.columbiathreadneedle.com.

      Footnotes:

      [1]. Source: Columbia Threadneedle Investments, May 2022. Based on Electricity consumption per dwelling | Electricity dwelling |ODYSSEE-MURE.

      [2 ] As at 31 March 2022, Columbia Threadneedle Investments including BMO GAM (EMEA)

      [3] As at 31 March 2022, Columbia Threadneedle Investments including BMO GAM (EMEA)

      [4] Source: Ameriprise Financial Q1 2022 earnings release

      Source: Columbia Threadneedle Investments

      [Category: Financial Services]

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