The Australian super fund has shifted three investments in the utility, materials and aviation sectors to low-carbon options.
The acquisition comes a week after the investment manager’s subsidiary, The Renewables Infrastructure Group, purchased another Scottish wind farm.
Iona Capital received a £60m investment from two English pension funds last year to fund renewable energy projects.
The French firm has bought four solar projects in Chile and Peru for $31m after backing European greenfield wind projects in January and June.
The $1.5bn vehicle has drawn interest from Japanese institutions and companies keen to explore co-investment opportunities.
Jeffrey Altman, Hans Poser and Felix ab Egg, of consultancy Finadvice, take Bruno Alves on a whirlwind tour of the global power markets and draw lessons from Europe’s rapid renewables buildup.
India’s largest integrated power company has become the largest renewables operator in the country after closing its purchase of Welspun’s portfolio.
The winning bid, also backed by Future Fund and OMERS, smashed expectations by a significant margin.
Located in southern England, the plant is the 11th project Cubico has bought from British Solar Renewables in eight months.
This will be Amazon’s fifth renewable energy project in the US and continues the trend of tech giants powering data centres with wind and solar.
The two buyout firms have purchased three natural gas plants and a coal-fired facility at a time when US power prices are low, anticipating future increases.
HICL has invested £50m in bonds issued by the UK’s A13, a rare exception for an asset class that does not generally offer ‘the appropriate balance of return, duration and inflation linkage’.
The German developer has pledged €3.1bn to the portfolio of projects, shortly after the US Export-Import Bank said it would restart lending to the country.
The asset manager specialises in hydropower assets, but with these acquisitions, manages a 724MW combined wind portfolio as well.
TRIG, backed by InfraRed Capital Partners, has issued up to £25m of ordinary shares to help pay for a Scottish wind acquisition.