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A wind farm in a large body of water

Nuveen Infrastructure clean energy infrastructure portfolio

We follow an aggregation strategy, investing in complementary assets in large markets including the UK, Ireland, France, Portugal and Italy. Our portfolio is diversified to reduce technology, resource and regulatory risk – but aggregated to deliver cost synergies, refinancing opportunities and, eventually, aim to deliver a profitable exit.

Global Clean Energy

Close view of offshore wind farm

The global clean energy strategy seeks to generate stable, risk-adjusted returns by making direct investments in clean energy assets in Europe, North America and Asia Pacific. The strategy invests in onshore and offshore wind farms, solar photovoltaic power plants, and has the potential to invest in select non-core related technologies.

European Clean Renewable Infrastructure

Close view of offshore wind farm

European Clean Renewable Infrastructure will see investments in the flagship renewable energy producing technologies across the EEA. The strategy has a novel investment approach targetings power generating assets in later development stages (construction and operational) on a buy and hold basis.

Energy Transition Enhanced Credit

Close view of offshore wind farm

This strategy seeks to capitalise on growing opportunities to support the green energy and infrastructure transition and build on the record of previous strategies.

The Energy Transition Enhanced Credit strategy focuses on investment in renewable energy and sustainable infrastructure assets across Europe, targeting both primary and secondary market credit opportunities.

Credit Strategy – Renewable Energy Backed Securities (REBS)

Close view of offshore wind farm

Launched 2019
Size €200m
Investments 9
Geographies 7

France

Wind farm

French Wind 8

Technology: Onshore wind
Investment year: 2019
Other information: 16.8 MW onshore wind farm, newly constructed using Nordex N117 turbines

Finland

Construction on snow covered land

Finnish Wind 1

Technology: Onshore wind
Investment year: 2019
Other information: 211.4 MW onshore wind farm, under construction

Italy

Wind turbines with forest

Italian Wind 10

Technology: Onshore Wind
Investment year: 2019
Other information: 42 MW operational wind farm using N90 Nordex turbines

Wind turbines on hills in background

Italian Wind 11

Technology: Onshore Wind
Investment year: 2019
Other information: 36 MW operational wind farm using V136 Vestas turbines

Spain

Wind turbines

Spanish Wind 1

Technology: Onshore wind
Investment year: 2021
Other information: 99MW operational wind farm using 114 SiemensGamesa and AW140 and AW132 NordexAcciona turbines

Germany

Offshore wind farm
Image credit: Ørsted/Ibeler

German Wind 1

Technology: Offshore wind
Investment year: 2019
Other information: 330 MW operational offshore wind park in Germany, using Siemens WTGs

Close view of offshore wind farm

German Wind 2

Technology: Offshore wind
Investment year: 2022
Other information: 913 MW offshore wind park in Germany, under construction

Italy

Solar panels under construction in field

Italian Solar PV 2

Technology: Solar
Investment year: 2020
Other information: 225MW under development

Spain

Solar panels under construction in field

Spanish Solar PV3

Technology: Solar
Investment year: 2021
Other information: 161 MW under development
BNZ company logo
In September 2021, Nuveen Infrastructure launched BNZ, an independent power producer (IPP) that develops, builds, and operates solar photovoltaic projects in Southern Europe, particularly in Portugal, Italy, and Spain. Its professional team actively develops, constructs, and manages a diverse pipeline network and puts ESG at the forefront through environmental and social initiatives. BNZ’s main objective is the production of 100% renewable energy to help achieve a greener future by becoming one of the leading renewable energy developers in Southern Europe. BNZ forms a key part of Nuveen Infrastructure’s clean energy portfolio.
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Solar panels under construction in field

Italian Solar PV 1

Technology: Solar
Investment year: 2020
Other information: 526MW under development

Solar panels under construction in field

Portuguese Solar PV1

Technology: Solar
Investment year: 2020
Other information: 406 MW under development

Solar panels under construction in field

Solar PV1

Technology: Solar
Investment year: 2020
Other information: 406 MW under development

Solar panels under construction in field

Spanish Solar PV2

Technology: Solar
Investment year: 2021
Other information: 399 MW under development + 74 MW under construction
Verdian company logo
In October 2023, Nuveen Infrastructure launched Verdian Power, an independent power producer (IPP) that designs, constructs and operates renewable energy projects. The main aim of Verdian is to generate a positive social and environmental impact on local communities through solar photovoltaic and wind power plants, incorporating storage and hybridisation technologies in several markets in Europe, including Italy and Spain, as well as distributed generation projects.

Verdian Power forms a key part of Nuveen Infrastructure‘s clean energy portfolio of investments.

Its target is to achieve an installed capacity of 3GW by 2026, which would be capable of supplying the annual electricity needs of almost 3m people. The clean energy produced by Verdian Power annually will avoid the emission of 1m tonnes of carbon dioxide equivalent (CO2e) per year. In addition, Verdian Power estimates that it will create 8,300 direct and indirect jobs by 2026, from the construction of its current 800MW pipeline.

The launch of Verdian means it joins BNZ in Nuveen Infrastructure’s portfolio of IPPs.
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Contact us
Our offices
London skyline
London
201 Bishopsgate, London, United Kingdom

Important information on risk

Past performance is no guarantee of future results. All investments carry a certain degree of risk, including the possible loss of principal, and there is no assurance that an investment will provide positive performance over any period of time. Certain products and services may not be available to all entities or persons. There is no guarantee that investment objectives will be achieved.


Investors should be aware that alternative investments are speculative, subject to substantial risks including the risks associated with limited liquidity, the potential use of leverage, potential short sales and concentrated investments and may involve complex tax structures and investment strategies. Alternative investments may be illiquid, there may be no liquid secondary market or ready purchasers for such securities, they may not be required to provide periodic pricing or valuation information to investors, there may be delays in distributing tax information to investors, they are not subject to the same regulatory requirements as other types of pooled investment vehicles, and they may be subject to high fees and expenses, which will reduce profits.

As an asset class, real assets, such as Infrastructure, are less developed, more illiquid, and less transparent compared to traditional asset classes. Real asset investments are subject to various risks generally associated with the ownership of real estate-related assets and foreign investing, including but not limited to, fluctuations in property values, higher expenses or lower income than expected, changes in economic conditions, currency values, environmental problems and liability, the cost of and ability to obtain insurance, and risks related to leasing of properties.

Responsible investing incorporates Environmental Social Governance (ESG) factors that may affect exposure to issuers, sectors, industries, limiting the type and number of investment opportunities available, which could result in excluding investments that perform well.

ESG integration incorporates financially relevant ESG factors into investment research in support of portfolio management for actively managed strategies. Financial relevancy of ESG factors varies by asset class and investment strategy. Applicability of ESG factors may differ across investment strategies. ESG factors are among many factors considered in evaluating an investment decision, and unless otherwise stated in the relevant offering memorandum or prospectus, do not alter the investment guidelines, strategy or objectives.

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