The £15 billion Strathclyde Pension Fund has become the first scheme to publicly declare a commitment to the Pensions Infrastructure Platform's new solar power fund, as green energy investment by UK funds gathers momentum.

The UK government's Green Investment Bank on Wednesday announced the first close of its debut fund, which invests in wind farms, having raised £463 million from "UK-based pension funds and a major sovereign wealth fund". The fund is aiming to raise £1 billion.