“Renewables-focused funds have raised $5 billion this year, outstripping fundraising targeting conventional energy for the first time, according to a Preqin report WEdnesday. Fundraising for conventional energy has fallen signifcantly from its $38 billion peak in 2015, when renewable funds attracted $13.8 billion globally. . . .
“‘As managers, when you look at renewable energy it’s less about policy,’ Tom Carr, head of real assets at Preqin, said by phone. ‘Now it’s sort of more about the economics behind it. Investments in renewable energy actually make business sense now.'”