Together, the deals indicate a growing level of investor interest in the basic infrastructure required to decarbonize electrical and utility grids around the world.
“The distribution side is very essential and very underappreciated at this point,” Mr. Pivnick said. “Yet the transmission and distribution systems are going to be what makes the difference between achieving our [climate] targets and not.” The SSEN transaction is the latest in a series of investments Teachers has made specifically in the power transmission and distribution space.
While the terms of those deals were not disclosed, Dale Burgess, executive managing director of infrastructure and natural resources at Teachers, said the fund’s total infrastructure assets under management has grown by more than 60 per cent in the past five years: from $18.7-billion in 2017 to $30.6-billion in June, 2022.
How many teachers were asked about this? I'm hoping they at least asked them or did the big wigs just take their retirement money and risk it without asking