Strathclyde Pension Fund, Glasgow, Scotland, committed £80 million ($96 million) to two clean-energy funds, confirmed Ian Jamison, the £26.9 billion pension fund's investment manager.
The pension fund committed £60 million to Capital Dynamics Clean Energy U.K. and £20 million to Corran Environmental Fund II, managed by Corran Capital.
The Capital Dynamics fund invests in clean-energy technologies, including solar, wind and hydro technologies as well as electricity storage, electric vehicles and grid infrastructure.
The fund seeks clean, low-carbon and renewable energy projects that reduce or offset greenhouse gas emissions generating both electricity and environmental benefits.
The pension fund previously committed £40 million in Capital Dynamics' predecessor fund.
The Corran Capital fund invests in U.K. businesses in the clean energy, environmental and sustainability sectors.
Separately, Mr. Jamison said Strathclyde committed an additional £20 million to Places for People Scottish Mid-Market Rent Fund, an affordable housing fund, managed by PfP Capital. Strathclyde previously had committed £25 million to the fund.