The project, known as Arenales, is a 50MW power plant just starting construction near Seville and thought to be worth between €300m and €400m. The sellers were German renewables firm Solar Millennium and OHL Industrial, part of Spanish developer OHL.
Hervé le Corre is to spearhead the bank’s PPP and concessions activities in France, taking over the role from the departing Julien Thureau. Le Corre has been part of the project finance team since 2006.
Northumbrian Water's directors have said yes to an acquisition offer from a consortium led by Cheung Kong Infrastructure. The deal is being funded with close to £2.2bn of equity. To avoid breaching UK competition law, Cheung Kong sold another UK utility it owned to HSBC for close to £75m.
The government has started the bidding for 90% of Madrid and Barcelona airports. Both airports will be tendered for a period of 15 years, extendable for a further five years. Interested parties should submit their qualifications by September 5.
The venture capital firm got in ahead of today’s closure of the UK’s feed-in tariff incentive for large-scale solar plants. At the end of last week, it announced it had accumulated a portfolio of 11 such sites.
Australian and international firms have expressed an interest in bidding for Sydney Ferries, tendered earlier this year by Australia’s New South Wales government. The government will now shortlist bidders with a view to inviting bids later this year.
Private equity fund N+1 Private Equity and venture capital firm Dinamia have bought EYSA, an FCC subsidiary which manages 120,000 on-street parking spaces across 60 Spanish cities. FCC had already sold its underground parking lots last year to a Spanish insurer for €120m.
The Spanish developer has been awarded a 37.5-year concession for the construction and operation of 1,600km of high voltage transmission lines in the Indian state of Uttar Pradesh. Isolux is already present in India, where it manages 710km of motorways.
The EIB hopes that its project bond initiative will help it gracefully step back from the prominent lending role it has assumed following the global financial crisis. But the new initiative may originate another cycle of EIB-dependence.
The fund, billed as the UK’s first ever bank-led UK infrastructure debt fund, has already been seeded with £200m of assets. The fund’s ‘sweet spot’ will be loans of up to £80m, enticing sponsors to bypass the traditional bank club structure.
Dalkia Polska, in which the Australian investor holds a 40% stake, has bought 85% of Warsaw district heating operator SPEC. Warsaw's heating network is the largest in the European Union.
The international law firm has recruited John Pierce as a partner in its Seattle corporate and finance practice from rival Wilson Sonsini Goodrich & Roasati. Pierce specialises in the renewable energy sector.
A €110m add-on acquisition from utility E.ON gives EQT ownership of Sweden’s entire high-pressure natural gas transmission grid, running over 620km.
The Asia Pacific region accounted for more than 27% of global infrastructure projects by value in the second quarter of 2011, second only to Western Europe and well ahead of third-placed North America.
The Canadian pension follows the Ontario Teachers’ Pension Plan Board a year later in selling its 12% stake in the Australian toll road operator. The Abu Dhabi Investment Authority is said to be one of the buyers.