New South Wales and Victoria have agreed to sell their stakes in the hydro scheme for nearly $5bn, which they will invest in other infrastructure projects.
The infrastructure fund manager is backing Infinis’ acquisition of the independent power generator with a follow-on investment of £125m.
The new platform created with Transatlantic Power Holdings buys a 60MW project in Texas, as the French fund manager nears a final close on its inaugural Americas fund.
The UK-based fund manager could seek up to £350m on the LSE, depending on investor demand, and is looking to allocate up to 40% of gross assets invested in its latest vehicle to the US.
The firm’s second renewables vehicle has offloaded five energy plants with a total capacity of 15.7MW to Italian utility A2A.
The sale of its 15 percent share to Atlantia ends the firm’s nine-year interest in the Channel Tunnel operator.
With a bid that exceeded the governing body’s target by nearly 50%, MIRA secured a 30-year contract to manage nine national highways – the first bundle the country has privatised.
The private equity firm has teamed up with energy developer Themis to invest in natural gas-fired and renewable power generation assets across the continent.
The company, one of Europe’s largest utility-scale developers, is bolstering its US business amid plans for global expansion following its $200m tie-up with the oil giant.
The series of moves in the country follows the company’s growth plans announced last June, as it received $1.2bn commitments from the Canadian pension and Riverstone.
The Australian fund manager is buying the 50% it does not already own of the Port of Portland, days after taking sole ownership of Ross River Solar Farm.
Greencoat Solar II is expected to reach close to £500m by the summer, following backing from a number of corporate UK pensions including ITV, Akzo Nobel, Northern Trust Nominees (Ireland), C & J Clark, Marks & Spencer and Syngenta.
QIC, DIF and Plenary Group are among those competing for the $4bn PPP, which Queensland describes as the state’s ‘highest priority’ infrastructure project.
The US fibre optic purchase is not the start of a strategy shift for the European fund manager, but signals its willingness to pursue ‘unique’ opportunities in other OECD markets.
The group’s acquisition of 20% of the Spanish utility has been made on the same terms agreed by GIP in September 2016.