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JLEN Environmental Assets Group
This trust shows there is more to the renewable energy sector than wind and solar power
Renewable funds have become a popular destination for investors ’ cash as the global transition towards clean energy has gathered pace : data from BloombergNEF shows that $ 755bn (£ 600bn ) was invested into facilitating the switch to renewables last year . With more than 190 governments committing to the net-zero targets set out in the Paris Agreement , the transition has a powerful tailwind working in its favour . However , when a sector experiences this level of inflows and interest , it tends to attract new entrants , creating challenges for incumbents . These include JLEN Environmental Assets Group , one of just six trusts in the 22-strong IT Renewable Energy Infrastructure sector with a track record of more than five years . Chris Tanner , manager of the trust , said : “ There is a great deal of competition in some parts of the market and we have to work hard for opportunities . I would love to be in a world where it was a buyer ’ s market , but that ’ s not the case .” Wind farms are a particularly crowded area , with the government aiming to increase the amount of energy produced by this source from 14GW to 50GW by 2030 . While wind still makes up the largest allocation in JLEN Environmental Assets Group , at 30 % of assets , it also has 25 % each in anaerobic digestion and waste bioenergy , which are less competitive . An example of an asset in the latter class is East London Waste Authority , a multi-site project that processes
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