HSBC UK Pension Scheme, a pension manager of British lender HSBC Holdings Plc, plans to invest GBP 250 million ($330 million) in renewable energy infrastructure projects for wind and solar parks.
The initiative aims to raise the awareness of the benefits of clean growth and address climate change issues.
The HSBC UK Pension Scheme will target the acquisition of operational wind and solar parks in the UK.
The plants will create a fleet of renewable energy facilities with an output that will be enough to supply an area equivalent to the size of Oxford.