Macquarie invests $190 MM in green aviation fuel supplier SkyNRG
11/16/2023 9:15:00 AM
(Reuters) - Australia's Macquarie Group Ltd said its asset management arm will make an initial investment of about $190 MM in Netherlands-based SAF supplier SkyNRG.
There has been an increasing amount of interest in the SAF industry, with many fund managers exploring opportunities to capitalize on a sector gaining momentum as airlines lean towards green fuels to reduce emissions and meet their targets.
Macquarie's investment, through its GIG Energy Transition Solutions Fund, will be its first in the SAF space.
SkyNRG will use the funds to build dedicated SAF facilities in Europe and the United States by 2030.
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