Plantation Capital, an international company specialising in agricultural investments, has launched a $300 million renewable energy plantations fund.

The fund will help to provide 100 megawatts of electricity from thermal power stations for Sri Lanka, where one of Plantation Capital’s offices is based. The power stations will be fuelled by more than 100,000 acres of renewable plantations, growing trees and other bio-mass crops.

“This fund launch couldn’t have come at a better time with the whole world focused on developing renewable and carbon neutral energy systems and expanding the world’s forest, which in turn can provide ethical and commercially viable returns for investors. The World Bank has forecast that timber, grains (including corn and wheat) and energy are going to be the best three performing commodities for at least the next 10 years,” said the company in a statement.

In recent years, growing concern about global climate change and diminishing fossil fuels has caused increased interest in sustainable and renewable energy sources worldwide.