Macquarie Asset Management Closes $3 Billion Green Energy Transition Fund Amid Rising Global Investments

Global investment in renewable energy reached $386 billion in the first half of 2025 even as policy shifts in the United States created some uncertainty according to Bloomberg New Energy Finance. This total marks a 10% increase from the previous year, highlighting continued growth in clean energy despite regional challenges.

A recent highlight is Macquarie Asset Management's recent close of over $3 billion in commitments for its Macquarie Green Energy Transition Solutions (MGETS) fund. Announced on September 19, 2025, this includes $2.4 billion in fund commitments and $647 million in co-investments. As Macquarie's first dedicated energy transition fund, MGETS targets areas beyond established renewables like wind and solar, including emerging technologies such as carbon capture and hydrogen production.

In the past six months (March 22 to September 22, 2025), several other funds and allocations have emerged in the energy decarbonization space. While most are smaller than Macquarie's, they span government and private efforts, reflecting broad interest in sustainable infrastructure.

Examples include:

• The Australian government allocated $5 billion to its new Net Zero Fund on September 18, 2025. This supports industrial decarbonization, renewables, and clean manufacturing, with $2 billion going to the Clean Energy Finance Corporation, $1.1 billion for clean fuels, $40 million for electric vehicle charging, and $85 million for energy efficiency upgrades.

• In Europe, the EU's Innovation Fund disbursed €4.2 billion ($4.6 billion) in March 2025 to back 77 projects in renewables, energy storage, carbon capture, and industrial processes. By July, six additional projects were funded, projected to cut 24.1 million tonnes of CO2 equivalent over their first decade.

• Nuveen completed a $1.3 billion initial close for its Energy & Power Infrastructure Credit Fund II (EPIC II) in August 2025, aiming for a $2.5 billion target. The fund finances energy generation, sustainable infrastructure, renewables, and storage, incorporating some transitional hydrocarbons like LNG for reliability.

Looking ahead, renewable energy investments are forecasted to total $780 billion for all of 2025. Over the past decade, renewables investment has grown by 109%, grids and storage by 44%, efficiency by 42%, and electrification by 131%. In contrast, oil investments fell 34% and gas 19%.

To achieve net-zero goals, the energy transition may require up to $6.5 trillion annually in low-emissions investments over the next 15 years. Opportunities like Macquarie's MGETS or Nuveen's EPIC II provide ways for investors to gain exposure in this evolving sector.