UniSuper has poured US$400 million ($623 million) into an energy transition and climate opportunities fund, aiming to support the global net zero transition.  

The Macquarie Green Energy and Climate Opportunities Fund (MGECO) targets a portfolio that aims to be resilient across the economic cycle with an initial focus on assets in hard-to-access sectors and geographies that provide growth opportunities. 

The portfolio is expected to include six seed investments across Australia, Asia, US and Europe. These businesses will provide initial access to about 100 underlying projects across onshore and offshore wind, solar, storage and carbon-related projects. 

The investments include Aula Energy, an onshore renewable energy business that plans to develop, build and operate utility-scale wind, solar and integrated battery projects across the Australian and New Zealand markets 

UniSuper said it aims to achieve net zero in its investment portfolio by 2050 and to contribute to Australia’s goal to achieve a 43 per cent reduction in emissions by 2030.