Alberta Investment Management Corp. Sets up $1-billion Fund to Invest in Energy Transition

Alberta
The Alberta Investment Management Corporation (AIMCo) recently established a new $1 billion fund, the Energy Transition Opportunities Pool (ETOP), dedicated to investing in the global energy transition and decarbonization sectors. This development signals a strong commitment towards diversifying in new energy and resources. The fund represents new capital and is in addition to AIMCo's other climate-related investments across asset classes.

AIMCo’s current portfolio includes the geothermal-hybrid project in Swan Hills Alberta – Canada’s first geothermal megawatts on the grid, signaling that geothermal is indeed on the radar of AIMCo, the Alberta government, and public investment more broadly.