The guarantee was crucial for the $375m valuation the Danish manager and the UK’s CDC were offering for Zambia’s Copperbelt Energy Corporation.
The government’s decision to keep a 23 July bid deadline for the sale of Sydney Motorway Corp would require Transurban to submit before the competition watchdog issues its ruling on the move in September.
The group targets earlier-stage projects after selling Europe’s largest onshore wind farm and ploughing €270 million into a new 235MW site in the same country.
The ACCC’s continued competition concerns and the postponement of its decision until September could also delay the sale process of the toll road operator, with final bids due on 23 July.
At €53 per share, VTG considered the US fund manager’s bid ‘not appropriate' representing a premium of only 4% on the volume-weighted three-month average share price.
The deal would give the duo a weighty PFI portfolio, while capping off a challenging 12 months for the listed fund.
India’s GVK moves the $2.3bn greenfield development, initially approved in 2007, to the construction phase.
The Granville Wind Farm commitment is CEFC’s largest Tasmanian investment to date and the fourth asset owned by the Palisade Renewable Energy Fund.
The Canadian fund manager has agreed to buy Enbridge’s Western Canadian natural gas gathering business for an enterprise value of $3.3bn, following its $1.1bn acquisition of AT&T’s data centres.
The sovereign wealth fund’s investment comes ahead of a planned IPO by the company, which has increasingly been diversifying towards renewable energy globally.
The investment was made on behalf of an Australian LP and a new European client.
The Norwegian Export Credit Guarantee Agency is helping to secure the PPA for the 197.4MW wind farm bought by GRP II, the firm’s latest renewables fund, now more than 75% deployed.
More than a year after moving from public-sector green bank to private sector renewables financier, GIG is aiming to capitalise on the region’s renewables sector which is ‘poised for a prolonged period of growth’.
The managing director of the Kuwaiti infrastructure manager brushed off renationalisation threats in the UK, saying it is ‘a country where rule of law exists’.
Between five and 10 unsubsidised projects are to be developed alongside partner Ilmatar, with potential for other investors to join.