Oireachtas Joint and Select Committees
Thursday, 12 July 2018
Public Accounts Committee
2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017
9:00 am
Mr. Conor O'Kelly:
That is the estimate. We have invested €3.8 billion. With the Minister's new review, there is probably a total of €5.5 billion in the fund which has been moving reasonably quickly. In the next few years the global portfolio will continue to decline. The Irish portfolio is specifically focused on Ireland's decarbonisation agenda. We have backed a number of renewable energy companies. We have backed a solar power company and made significant investments in the alternative energy space.