
Crédit Agricole Assurances launches dedicated fund to finance the energy transition
CA Assurances, Crédit Agricole CIB and Crédit Agricole Transitions & Énergies, alongside the Regional Banks, have stepped up their commitment to finance energy transition by launching the CATI fund.
Underwritten by Predica, the life insurance subsidiary of CA Assurances, and with €300 million to invest, CATI will hold receivables originated by CACIB and the Regional Banks (via CA T&E) and will be managed by Regreen Invest, which specialises in financing the energy transition in Europe.
As an SFDR Article 9 fund, CATI will primarily target energy transition infrastructure projects eligible for the EU Taxonomy. It may also diversify its investments into other types of low-carbon infrastructure beneficial to local areas and regions and those who live in them. The fund will support real economy projects in sectors such as solar and wind energy, hydroelectric power, geothermal energy, energy efficiency, and so on.