Private Markets Raise $230 Billion for Energy Transition

Private markets raised almost $230 billion for energy-transition funds over the past decade, creating a growing source of financing for clean energy and other renewable projects, according to BloombergNEF.

Much of that capital remains undeployed. About $92 billion is still sitting on the sidelines, said Ryan Loughead, a senior associate at BNEF in London. “It’s a pocket of money that’s increasing and it’s not inconsequential,” he said.